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

American Airlines Group Inc. (NASDAQ:AAL) has received a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.96.

AAL has been the topic of several research reports. Evercore ISI raised their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. Jefferies Financial Group upped their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Susquehanna raised their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, TD Cowen upped their target price on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 25th.

American Airlines Group Stock Up 0.3 %

Shares of AAL opened at $14.33 on Wednesday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The stock has a market cap of $9.42 billion, a PE ratio of 43.42, a P/E/G ratio of 0.26 and a beta of 1.39. The business’s 50-day moving average price is $12.35 and its 200-day moving average price is $11.76.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Analysts expect that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

A number of large investors have recently made changes to their positions in the business. Austin Private Wealth LLC bought a new position in shares of American Airlines Group in the 3rd quarter worth about $723,000. Maverick Capital Ltd. boosted its stake in American Airlines Group by 95.3% during the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after purchasing an additional 94,573 shares during the last quarter. Sei Investments Co. increased its holdings in American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after buying an additional 153,515 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after acquiring an additional 508,119 shares during the period. Finally, ORG Partners LLC purchased a new stake in American Airlines Group during the 2nd quarter valued at $36,000. 52.44% of the stock is currently owned by institutional investors.

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.