Analysts Set American Airlines Group Inc. (NASDAQ:AAL) Target Price at $13.73

American Airlines Group Inc. (NASDAQ:AAL) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.73.

A number of brokerages have issued reports on AAL. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Citigroup reduced their price target on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a report on Friday, May 31st. Jefferies Financial Group cut shares of American Airlines Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $12.00 in a report on Wednesday, May 29th. Morgan Stanley cut their price target on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd. Finally, Bank of America lowered their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 29th.

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group during the 4th quarter worth approximately $27,000. UMB Bank n.a. raised its holdings in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after buying an additional 2,264 shares during the last quarter. Quarry LP bought a new stake in American Airlines Group during the 4th quarter valued at $34,000. Beaird Harris Wealth Management LLC raised its holdings in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in American Airlines Group during the 2nd quarter valued at $36,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of AAL stock opened at $10.80 on Friday. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.22 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 fifty day moving average of $10.43 and a 200-day moving average of $12.52.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. Research analysts expect that American Airlines Group will post 0.97 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.