American Airlines Group’s (AAL) Hold Rating Reaffirmed at Jefferies Financial Group

American Airlines Group (NASDAQ:AAL)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $12.00 target price on the airline’s stock, down from their prior target price of $20.00. Jefferies Financial Group’s price target would suggest a potential upside of 13.74% from the company’s previous close.

Several other analysts also recently weighed in on the company. TD Cowen upped their price target on American Airlines Group to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 13th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, December 5th. Finally, Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.90.

American Airlines Group Price Performance

Shares of AAL opened at $10.55 on Tuesday. The company has a 50-day simple moving average of $14.48 and a two-hundred day simple moving average of $14.49. The firm has a market capitalization of $6.94 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group has a one year low of $9.07 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Analysts expect that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC lifted its position in shares of American Airlines Group by 13.2% in the third quarter. Cerity Partners LLC now owns 80,131 shares of the airline’s stock worth $901,000 after buying an additional 9,330 shares in the last quarter. FMR LLC raised its holdings in shares of American Airlines Group by 33.9% during the 3rd quarter. FMR LLC now owns 408,968 shares of the airline’s stock worth $4,597,000 after acquiring an additional 103,506 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of American Airlines Group by 70.5% during the 3rd quarter. Townsquare Capital LLC now owns 46,622 shares of the airline’s stock valued at $524,000 after acquiring an additional 19,271 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of American Airlines Group by 92.8% in the third quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock valued at $3,839,000 after purchasing an additional 164,376 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Airlines Group by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,858 shares of the airline’s stock valued at $1,471,000 after purchasing an additional 2,932 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.