American Airlines Group Inc. (NASDAQ:AAL) Receives $18.99 Consensus Price Target from Brokerages

American Airlines Group Inc. (NASDAQ:AAL) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $18.88.

AAL has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Finally, Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 5th.

Insider Activity

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Several hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new stake in American Airlines Group in the 4th quarter worth about $25,000. Brooklyn Investment Group raised its position in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. raised its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. Bfsg LLC raised its position in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the period. Finally, Quent Capital LLC raised its position in American Airlines Group by 70.2% in the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after purchasing an additional 1,264 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 0.6 %

NASDAQ:AAL opened at $17.17 on Monday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10. The company has a market cap of $11.28 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a 50 day simple moving average of $17.16 and a two-hundred day simple moving average of $13.61.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Research analysts forecast that American Airlines Group will post 2.39 earnings per share for the current year.

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.