Analysts Set American Airlines Group Inc. (NASDAQ:AAL) PT at $16.76

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.76.

Several brokerages have recently issued reports on AAL. Susquehanna reduced their target price on American Airlines Group from $18.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. TD Cowen lifted their target price on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a report on Friday, April 25th. Barclays lifted their target price on American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Sanford C. Bernstein lifted their target price on American Airlines Group from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Finally, Raymond James Financial reduced their target price on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, April 25th.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently added to or reduced their stakes in AAL. Elequin Capital LP boosted its position in shares of American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after buying an additional 1,182 shares during the period. Bogart Wealth LLC boosted its position in shares of American Airlines Group by 1,300.0% during the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline’s stock valued at $30,000 after buying an additional 2,600 shares during the period. Assetmark Inc. purchased a new position in shares of American Airlines Group during the first quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of American Airlines Group by 58.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock valued at $30,000 after buying an additional 1,042 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of American Airlines Group by 121.4% during the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock valued at $33,000 after buying an additional 1,709 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Up 0.8%

NASDAQ:AAL opened at $11.51 on Monday. The business’s 50-day simple moving average is $11.52 and its two-hundred day simple moving average is $12.49. The stock has a market cap of $7.59 billion, a PE ratio of 14.39, a P/E/G ratio of 2.59 and a beta of 1.36. American Airlines Group has a 52 week low of $8.50 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The firm had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $14.27 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Sell-side analysts anticipate that American Airlines Group will post 2.42 earnings per share 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.