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

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $13.15.

Several brokerages have issued reports on AAL. Morgan Stanley cut their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 3rd. TD Cowen downgraded American Airlines Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $10.00 in a research note on Wednesday, July 17th. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Evercore dropped their target price on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Finally, Barclays decreased their price target on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC increased its position in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after buying an additional 795 shares during the period. Empirical Finance LLC increased its position in American Airlines Group by 1.4% during the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after acquiring an additional 797 shares during the period. Silvercrest Asset Management Group LLC raised its stake in American Airlines Group by 4.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after purchasing an additional 978 shares during the last quarter. CWM LLC boosted its holdings in American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after purchasing an additional 1,059 shares during the period. Finally, Sunbelt Securities Inc. grew its position in American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

AAL stock opened at $11.24 on Tuesday. The firm has a market cap of $7.37 billion, a PE ratio of 18.73, a P/E/G ratio of 0.27 and a beta of 1.43. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The firm has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $12.09.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. As a group, sell-side analysts expect that American Airlines Group will post 1.07 earnings per share for the current year.

About American Airlines Group

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.