American Airlines Group Inc. (NASDAQ:AAL) Stock Has Consensus Target Price of $17.41 According to Analysts

Shares of American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) have been given an average recommendation of “Hold” by the twenty ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.29.

AAL has been the topic of several research reports. Susquehanna cut their price objective on American Airlines Group from $20.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, October 7th. Zacks Research lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Weiss Ratings downgraded American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on American Airlines Group from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Cantor Fitzgerald set a $24.00 target price on American Airlines Group in a research report on Thursday, July 2nd.

View Our Latest Research Report on AAL

Insider Transactions at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 40,077 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the sale, the senior vice president directly owned 178,799 shares of the company’s stock, valued at approximately $2,728,472.74. This represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Airlines Group

Large investors have recently made changes to their positions in the company. Citizens Financial Group Inc. RI increased its stake in shares of American Airlines Group by 72.9% during the third quarter. Citizens Financial Group Inc. RI now owns 26,638 shares of the airline’s stock valued at $356,000 after acquiring an additional 11,228 shares during the period. Mountain Hill Investment Partners Corp. raised its holdings in American Airlines Group by 16.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 7,000 shares of the airline’s stock worth $94,000 after buying an additional 1,000 shares during the period. U S Global Investors Inc. lifted its holdings in shares of American Airlines Group by 13.1% in the third quarter. U S Global Investors Inc. now owns 6,787,455 shares of the airline’s stock valued at $90,748,000 after purchasing an additional 786,283 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of American Airlines Group in the 3rd quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. lifted its position in American Airlines Group by 12.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 33,499 shares of the airline’s stock worth $448,000 after buying an additional 3,783 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of AAL stock opened at $12.11 on Wednesday. The firm has a market cap of $8.02 billion, a P/E ratio of -16.59 and a beta of 1.37. American Airlines Group has a 1-year low of $10.09 and a 1-year high of $18.79. The firm’s 50-day simple moving average is $13.07 and its 200-day simple moving average is $13.94.

American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The airline reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08. The firm had revenue of $16.34 billion during the quarter, compared to the consensus estimate of $16.21 billion. American Airlines Group had a negative return on equity of 9.11% and a negative net margin of 0.79%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) earnings per share. Analysts expect that American Airlines Group will post -1.22 earnings per share for the current fiscal year.

Key Headlines Impacting American Airlines Group

Here are the key news stories impacting American Airlines Group this week:

American Airlines Group Company Profile

(Get Free Report)

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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