American Airlines Group Inc. (NASDAQ:AAL) Receives $13.40 Consensus PT from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.40.

Several equities analysts have recently commented on AAL shares. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Bank of America increased their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday. TD Securities cut their target price on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Evercore decreased their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, Evercore ISI upped their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd.

American Airlines Group Stock Performance

Shares of AAL opened at $13.60 on Friday. The firm has a market cap of $8.92 billion, a P/E ratio of 22.70, a PEG ratio of 0.26 and a beta of 1.43. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The firm’s 50 day moving average price is $11.28 and its two-hundred day moving average price is $11.76.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. On average, sell-side analysts anticipate that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lebenthal Global Advisors LLC raised its holdings in shares of American Airlines Group by 7.2% in the third quarter. Lebenthal Global Advisors LLC now owns 66,338 shares of the airline’s stock worth $746,000 after buying an additional 4,436 shares during the period. New York State Teachers Retirement System increased its stake in American Airlines Group by 4.8% in the third quarter. New York State Teachers Retirement System now owns 671,110 shares of the airline’s stock worth $7,543,000 after purchasing an additional 30,448 shares during the period. State of Alaska Department of Revenue increased its stake in American Airlines Group by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline’s stock worth $856,000 after purchasing an additional 5,175 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of American Airlines Group by 390.6% during the third quarter. Louisiana State Employees Retirement System now owns 182,000 shares of the airline’s stock worth $2,046,000 after purchasing an additional 144,900 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of American Airlines Group by 31.8% in the third quarter. Allworth Financial LP now owns 45,796 shares of the airline’s stock worth $515,000 after purchasing an additional 11,050 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.