American Airlines Group Inc. (NASDAQ:AAL) Receives $18.10 Consensus Price Target from Analysts

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.42.

AAL has been the subject of several recent research reports. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, December 5th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. StockNews.com upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Monday. Evercore ISI lifted their price target on American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. Finally, Susquehanna increased their price objective on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th.

American Airlines Group Trading Down 0.8 %

Shares of AAL stock opened at $18.07 on Thursday. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 54.76, a PEG ratio of 0.29 and a beta of 1.35. The business’s 50-day moving average price is $16.15 and its 200-day moving average price is $12.90. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.56.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, sell-side analysts predict that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently modified their holdings of AAL. Brooklyn Investment Group grew its stake in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of American Airlines Group in the fourth quarter worth $9,482,000. Gateway Investment Advisers LLC raised its position in shares of American Airlines Group by 869.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 477,255 shares of the airline’s stock worth $8,319,000 after buying an additional 428,040 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in American Airlines Group during the fourth quarter valued at $689,000. Finally, Assenagon Asset Management S.A. purchased a new position in American Airlines Group during the fourth quarter worth about $26,033,000. 52.44% of the stock is currently owned by institutional investors.

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.