American Airlines Group Inc. (NASDAQ:AAL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.10.

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Susquehanna upped their price target on shares of American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Evercore ISI boosted their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. Sentry Investment Management LLC acquired a new position in American Airlines Group in the second quarter valued at about $36,000. Point72 Hong Kong Ltd bought a new stake in shares of American Airlines Group in the third quarter worth about $55,000. KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of American Airlines Group by 44.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after purchasing an additional 3,047 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $17.60 on Thursday. The business’s fifty day moving average price is $15.62 and its two-hundred day moving average price is $12.63. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts expect that American Airlines Group will post 1.62 EPS 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.