Analysts Set American Airlines Group Inc. (NASDAQ:AAL) Price Target at $19.30

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.30.

Several analysts have recently issued reports on the company. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, December 5th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, February 26th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, January 6th. StockNews.com lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was 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 of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 111 Capital bought a new stake in shares of American Airlines Group in the 4th quarter valued at $1,037,000. Wealth Enhancement Advisory Services LLC boosted its position in American Airlines Group by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock valued at $897,000 after acquiring an additional 5,152 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the 4th quarter worth about $42,000. Heck Capital Advisors LLC bought a new position in shares of American Airlines Group in the 4th quarter worth about $98,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $8,009,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $10.70 on Tuesday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $19.10. The stock has a market cap of $7.04 billion, a PE ratio of 9.39, a PEG ratio of 0.21 and a beta of 1.27. The firm has a 50-day moving average of $14.63 and a 200-day moving average of $14.47.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts predict that American Airlines Group will post 2.42 earnings per share for the current fiscal 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.