Analysts Set American Airlines Group Inc. (NASDAQ:AAL) Price Target at $15.99

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.99.

AAL has been the subject of several recent analyst reports. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Susquehanna increased their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted 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. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $24.00 in a report on Tuesday, December 10th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AAL. ORG Partners LLC purchased a new position in American Airlines Group in the 2nd quarter worth about $36,000. First Citizens Bank & Trust Co. acquired a new stake in shares of American Airlines Group during the second quarter valued at approximately $5,987,000. Neo Ivy Capital Management acquired a new position in American Airlines Group in the 2nd quarter worth approximately $4,730,000. Fifth Third Bancorp grew its position in American Airlines Group by 121.7% during the 2nd quarter. Fifth Third Bancorp now owns 25,809 shares of the airline’s stock worth $292,000 after purchasing an additional 14,168 shares in the last quarter. Finally, Lebenthal Global Advisors LLC lifted its holdings in shares of American Airlines Group by 53.9% in the second quarter. Lebenthal Global Advisors LLC now owns 61,902 shares of the airline’s stock valued at $701,000 after purchasing an additional 21,683 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 1.2 %

Shares of AAL stock opened at $16.72 on Friday. The company has a market cap of $10.99 billion, a P/E ratio of 50.67, a PEG ratio of 0.29 and a beta of 1.41. The business has a 50 day moving average of $14.16 and a two-hundred day moving average of $11.98. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.20.

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