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

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $15.99.

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Susquehanna raised their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley increased their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday.

Hedge Funds Weigh In On American Airlines Group

Several large investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP grew its position in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of American Airlines Group during the 3rd quarter valued at about $16,490,000. Toronto Dominion Bank raised its stake in American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after acquiring an additional 1,156,540 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Price Performance

NASDAQ:AAL opened at $16.92 on Friday. The business’s 50-day moving average is $14.06 and its two-hundred day moving average is $11.94. The firm has a market capitalization of $11.12 billion, a PE ratio of 51.27, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Equities analysts anticipate that American Airlines Group will post 1.62 EPS 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.