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

American Airlines Group Inc. (NASDAQ:AAL) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.64.

A number of equities research analysts have recently issued reports on AAL shares. TD Cowen dropped their target price on shares of American Airlines Group from $16.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday, September 13th. Evercore ISI dropped their price objective on American Airlines Group from $19.00 to $17.00 and set an “in-line” rating on the stock in a research note on Monday, August 28th. Susquehanna dropped their price objective on American Airlines Group from $19.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. BNP Paribas lowered American Airlines Group from an “outperform” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research note on Friday. Finally, Redburn Partners lowered American Airlines Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th.

American Airlines Group Trading Up 0.4 %

Shares of AAL stock opened at $11.80 on Friday. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08. The firm’s fifty day moving average price is $12.44 and its two-hundred day moving average price is $14.58. The firm has a market capitalization of $7.71 billion, a P/E ratio of 5.34, a PEG ratio of 0.09 and a beta of 1.58.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 19th. The airline reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. American Airlines Group had a net margin of 3.04% and a negative return on equity of 47.30%. The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same period in the previous year, the business earned $0.69 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that American Airlines Group will post 2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently added to or reduced their stakes in AAL. Deutsche Bank AG lifted its holdings in American Airlines Group by 78.7% during the 3rd quarter. Deutsche Bank AG now owns 1,050,918 shares of the airline’s stock worth $13,462,000 after buying an additional 462,774 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in American Airlines Group by 15.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 131,370 shares of the airline’s stock worth $1,683,000 after buying an additional 17,509 shares during the period. Jupiter Asset Management Ltd. acquired a new position in American Airlines Group during the 3rd quarter worth about $59,411,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in American Airlines Group by 27.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,620 shares of the airline’s stock worth $443,000 after buying an additional 7,362 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in American Airlines Group by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 169,153 shares of the airline’s stock worth $2,167,000 after buying an additional 13,326 shares during the period. Institutional investors own 58.50% of the company’s stock.

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.