Evercore ISI Reaffirms Hold Rating for American Airlines Group (NASDAQ:AAL)

American Airlines Group (NASDAQ:AALGet Free Report)‘s stock had its “hold” rating reiterated by equities research analysts at Evercore ISI in a report issued on Monday, Stock Target Advisor reports. They currently have a $17.00 target price on the airline’s stock. Evercore ISI’s price target indicates a potential upside of 17.00% from the stock’s previous close.

Several other equities analysts have also commented on the company. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Citigroup upgraded American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $20.00 in a research note on Monday. Morgan Stanley upgraded American Airlines Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Monday, January 8th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, January 11th. Finally, TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.07.

Get Our Latest Analysis on American Airlines Group

American Airlines Group Stock Down 2.7 %

Shares of AAL opened at $14.53 on Monday. The company has a market cap of $9.50 billion, a PE ratio of 13.21, a P/E/G ratio of 0.12 and a beta of 1.56. The business has a fifty day moving average of $13.70 and a 200 day moving average of $13.74. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last released its earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, research analysts anticipate that American Airlines Group will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, EVP Vasu Raja sold 5,298 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $12.23, for a total value of $64,794.54. Following the completion of the transaction, the executive vice president now directly owns 339,170 shares of the company’s stock, valued at $4,148,049.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

Institutional Trading of American Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in AAL. Raymond James & Associates increased its position in shares of American Airlines Group by 12.8% in the first quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock valued at $2,617,000 after buying an additional 16,316 shares in the last quarter. American Century Companies Inc. increased its position in shares of American Airlines Group by 14.1% during the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock worth $505,000 after purchasing an additional 3,421 shares in the last quarter. US Bancorp DE increased its position in shares of American Airlines Group by 11.0% during the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock worth $378,000 after purchasing an additional 2,064 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of American Airlines Group by 23.1% during the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock worth $3,213,000 after purchasing an additional 32,986 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of American Airlines Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock worth $1,582,000 after purchasing an additional 5,393 shares in the last quarter. 58.50% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Company Profile

(Get Free Report)

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.

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