American Airlines Group Inc. (NASDAQ:AAL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) have earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $20.23.

Several equities research analysts recently commented on AAL shares. Susquehanna dropped their target price on American Airlines Group from $21.00 to $19.00 in a report on Friday, January 21st. The Goldman Sachs Group dropped their price objective on American Airlines Group from $14.00 to $12.00 and set a “sell” rating on the stock in a report on Wednesday, March 16th. Zacks Investment Research downgraded American Airlines Group from a “hold” rating to a “sell” rating and set a $19.00 price objective on the stock. in a report on Wednesday, December 22nd. Seaport Res Ptn downgraded American Airlines Group from a “buy” rating to a “neutral” rating in a report on Monday, March 7th. Finally, Susquehanna Bancshares dropped their price objective on American Airlines Group from $21.00 to $19.00 in a report on Friday, January 21st.

Several institutional investors have recently made changes to their positions in AAL. Evolution Wealth Advisors LLC raised its position in American Airlines Group by 71.4% during the third quarter. Evolution Wealth Advisors LLC now owns 1,200 shares of the airline’s stock valued at $25,000 after buying an additional 500 shares during the period. Whittier Trust Co. acquired a new position in American Airlines Group during the fourth quarter valued at $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in American Airlines Group during the fourth quarter valued at $27,000. Steward Financial Group LLC acquired a new position in American Airlines Group during the fourth quarter valued at $32,000. Finally, Monolith Advisors acquired a new position in American Airlines Group during the fourth quarter valued at $36,000. 56.69% of the stock is currently owned by institutional investors.

NASDAQ AAL opened at $19.00 on Friday. The firm has a market capitalization of $12.33 billion, a P/E ratio of -6.07 and a beta of 1.59. American Airlines Group has a 1-year low of $12.44 and a 1-year high of $26.04. The business’s 50-day simple moving average is $16.90 and its 200-day simple moving average is $18.14.

American Airlines Group (NASDAQ:AALGet Rating) last announced its earnings results on Thursday, January 20th. The airline reported ($1.42) EPS for the quarter, beating the consensus estimate of ($1.51) by $0.09. The company had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.38 billion. The business’s quarterly revenue was up 134.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($3.86) earnings per share. On average, equities analysts expect that American Airlines Group will post -3.48 earnings per share for the current fiscal year.

About American Airlines Group (Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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