American Airlines Group Inc. (NASDAQ:AAL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.95.

A number of research analysts have recently issued reports on AAL shares. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. TD Cowen upped their price target on American Airlines Group to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, February 26th. Finally, Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, January 6th.

Insiders Place Their Bets

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in American Airlines Group during the 4th quarter worth about $25,000. Brooklyn Investment Group lifted its holdings in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares in the last quarter. Elequin Capital LP boosted its position in shares of American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,182 shares during the period. Bfsg LLC grew its stake in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in American Airlines Group in the 4th quarter worth approximately $42,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $9.46 on Friday. American Airlines Group has a one year low of $8.50 and a one year high of $19.10. The stock’s 50-day moving average is $12.12 and its 200 day moving average is $14.28. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.21 and a beta of 1.17.

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

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.