Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) PT at $19.30

American Airlines Group Inc. (NASDAQ:AAL) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.30.

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Bank of America decreased their target price on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Evercore ISI upped their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Finally, Barclays cut their target price on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

A number of institutional investors have recently made changes to their positions in the stock. Voloridge Investment Management LLC bought a new position in American Airlines Group during the fourth quarter valued at approximately $60,190,000. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after buying an additional 2,886,041 shares during the period. Two Sigma Advisers LP bought a new position in American Airlines Group in the fourth quarter valued at about $42,693,000. Arrowstreet Capital Limited Partnership purchased a new position in American Airlines Group in the fourth quarter worth about $40,333,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of American Airlines Group during the 4th quarter valued at about $35,141,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $11.14 on Tuesday. The stock has a market capitalization of $7.33 billion, a P/E ratio of 9.77, 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. The business’s 50 day simple moving average is $14.78 and its two-hundred day simple moving average is $14.45.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts expect that American Airlines Group will post 2.42 earnings per share for the current fiscal 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.