American Airlines Group Inc. (NASDAQ:AAL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.40.

A number of equities research analysts recently weighed in on AAL shares. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Susquehanna upped their price target on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. TD Securities reduced their target price on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Jefferies Financial Group upped their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, Evercore reduced their target price on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th.

American Airlines Group Trading Up 1.0 %

NASDAQ AAL opened at $13.54 on Friday. The business’s 50 day moving average is $11.62 and its two-hundred day moving average is $11.79. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 0.25 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of American Airlines Group

Several large investors have recently modified their holdings of the business. Beaird Harris Wealth Management LLC grew its stake in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares in the last quarter. Empirical Finance LLC grew its stake in American Airlines Group by 1.4% in the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after purchasing an additional 797 shares in the last quarter. Blue Trust Inc. grew its stake in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in American Airlines Group by 4.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after purchasing an additional 978 shares in the last quarter. Finally, CWM LLC grew its stake in American Airlines Group by 5.2% in the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after purchasing an additional 1,059 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

About American Airlines Group

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.