American Airlines Group Inc. (NASDAQ:AAL) Receives $17.61 Consensus Target Price from Brokerages

American Airlines Group Inc. (NASDAQ:AAL) has earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.6094.

A number of equities analysts have recently issued reports on the company. Evercore ISI raised their price target on American Airlines Group from $13.00 to $14.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. UBS Group increased their target price on American Airlines Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company assumed coverage on American Airlines Group in a research note on Thursday, December 18th. They set an “equal weight” rating and a $17.00 price target for the company. Susquehanna raised shares of American Airlines Group from a “neutral” rating to a “positive” rating and upped their price target for the company from $14.00 to $20.00 in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of American Airlines Group in a report on Monday, December 29th.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds have recently modified their holdings of AAL. West Branch Capital LLC purchased a new position in American Airlines Group during the fourth quarter valued at $31,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of American Airlines Group by 102.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,353 shares of the airline’s stock worth $36,000 after buying an additional 1,188 shares during the period. Root Financial Partners LLC purchased a new position in shares of American Airlines Group during the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of American Airlines Group by 845.1% during the 3rd quarter. UMB Bank n.a. now owns 3,251 shares of the airline’s stock valued at $37,000 after acquiring an additional 2,907 shares during the period. Finally, Guerra Advisors Inc purchased a new stake in American Airlines Group in the 3rd quarter worth approximately $37,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 2.4%

Shares of AAL stock opened at $15.15 on Monday. The company has a 50 day moving average price of $14.77 and a 200-day moving average price of $13.23. American Airlines Group has a 52 week low of $8.50 and a 52 week high of $19.10. The firm has a market capitalization of $10.00 billion, a PE ratio of 17.62, a P/E/G ratio of 0.52 and a beta of 1.23.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 23rd. The airline reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.10. The company had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.65 billion. American Airlines Group had a net margin of 1.11% and a negative return on equity of 18.14%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. Analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current year.

American Airlines Group Company Profile

American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.

The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.