American Airlines Group Inc. (NASDAQ:AAL) Given Consensus Recommendation of “Hold” by Brokerages

American Airlines Group Inc. (NASDAQ:AALGet Rating) has been given a consensus recommendation of “Hold” by the eighteen research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.40.

Several brokerages recently commented on AAL. Barclays upped their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of American Airlines Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 22nd. The Goldman Sachs Group lowered their price objective on shares of American Airlines Group from $14.00 to $12.00 and set a “sell” rating for the company in a research report on Wednesday, March 16th. Morgan Stanley boosted their price objective on shares of American Airlines Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, April 22nd. Finally, Wolfe Research assumed coverage on shares of American Airlines Group in a research report on Tuesday, February 15th. They issued an “outperform” rating for the company.

A number of large investors have recently bought and sold shares of the stock. First Foundation Advisors lifted its position in American Airlines Group by 2.8% during the third quarter. First Foundation Advisors now owns 18,981 shares of the airline’s stock valued at $389,000 after acquiring an additional 523 shares during the last quarter. Alphastar Capital Management LLC increased its stake in American Airlines Group by 2.5% during the 1st quarter. Alphastar Capital Management LLC now owns 23,336 shares of the airline’s stock valued at $426,000 after purchasing an additional 569 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in American Airlines Group by 23.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,392 shares of the airline’s stock valued at $61,000 after purchasing an additional 638 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in American Airlines Group by 0.3% during the 4th quarter. Douglas Lane & Associates LLC now owns 216,155 shares of the airline’s stock valued at $3,882,000 after purchasing an additional 702 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in American Airlines Group by 22.1% during the 4th quarter. Bessemer Group Inc. now owns 4,298 shares of the airline’s stock valued at $77,000 after purchasing an additional 778 shares in the last quarter. 53.70% of the stock is owned by institutional investors.

American Airlines Group stock opened at $16.22 on Friday. The company has a market cap of $10.54 billion, a PE ratio of -4.41 and a beta of 1.45. American Airlines Group has a twelve month low of $12.44 and a twelve month high of $25.18. The company’s 50-day moving average price is $17.83 and its 200-day moving average price is $17.52.

American Airlines Group (NASDAQ:AALGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The airline reported ($2.32) EPS for the quarter, beating the consensus estimate of ($2.40) by $0.08. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.82 billion. The business’s revenue for the quarter was up 122.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($4.32) earnings per share. As a group, sell-side analysts forecast that American Airlines Group will post -1.06 earnings per share for the current 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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