American Airlines Group Inc. (NASDAQ:AAL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received an average rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.60.

A number of research analysts recently commented on the company. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, January 11th. Citigroup reissued a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $20.00 price target on shares of American Airlines Group in a report on Tuesday, March 5th. UBS Group started coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Finally, TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $21.00 in a research note on Friday, January 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of American Airlines Group by 9.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 139,000 shares of the airline’s stock valued at $1,781,000 after purchasing an additional 11,640 shares during the period. Xponance Inc. lifted its holdings in American Airlines Group by 5.5% in the 3rd quarter. Xponance Inc. now owns 120,076 shares of the airline’s stock valued at $1,538,000 after acquiring an additional 6,249 shares during the last quarter. Raymond James & Associates boosted its position in shares of American Airlines Group by 12.9% during the 3rd quarter. Raymond James & Associates now owns 121,511 shares of the airline’s stock valued at $1,557,000 after purchasing an additional 13,914 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Airlines Group by 22.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,087 shares of the airline’s stock worth $642,000 after purchasing an additional 9,269 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in American Airlines Group during the third quarter valued at approximately $3,203,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $14.42 on Friday. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 0.20 and a beta of 1.57. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08. The business has a 50-day moving average of $14.29 and a 200-day moving average of $13.76.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the business earned $0.05 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Research analysts expect that American Airlines Group will post 2.54 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.