American Airlines Group Inc. (NASDAQ:AAL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.95.

A number of equities analysts have weighed in on the company. Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, February 26th. TD Cowen increased their price target on American Airlines Group to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. StockNews.com cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Susquehanna dropped their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Evercore ISI lifted their target price on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $9.46 on Friday. The stock has a 50 day moving average price of $12.12 and a 200 day moving average price of $14.28. The stock has a market capitalization of $6.22 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. American Airlines Group has a 52 week low of $8.50 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, research analysts forecast that American Airlines Group will post 2.42 EPS for the current year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently bought and sold shares of AAL. Voloridge Investment Management LLC bought a new position in American Airlines Group in the 4th quarter valued at approximately $60,190,000. Primecap Management Co. CA increased its holdings in American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Two Sigma Advisers LP acquired a new position in American Airlines Group during the 4th quarter worth about $42,693,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $40,333,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $35,141,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.