American Airlines Group Inc. (NASDAQ:AAL) Receives $16.95 Average Price Target from Analysts

Shares of American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.25.

AAL has been the subject of a number of recent research reports. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Bank of America dropped their target price on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Raymond James dropped their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Susquehanna reduced their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 7th.

Insiders Place Their Bets

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company's stock.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors have recently bought and sold shares of AAL. New York State Teachers Retirement System raised its position in American Airlines Group by 14.7% during the first quarter. New York State Teachers Retirement System now owns 722,397 shares of the airline's stock valued at $7,621,000 after acquiring an additional 92,566 shares in the last quarter. KBC Group NV boosted its holdings in American Airlines Group by 821.2% during the first quarter. KBC Group NV now owns 82,742 shares of the airline's stock worth $873,000 after buying an additional 73,760 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in American Airlines Group during the first quarter valued at $870,000. U S Global Investors Inc. increased its holdings in American Airlines Group by 8.7% in the first quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline's stock valued at $75,762,000 after buying an additional 576,612 shares in the last quarter. Finally, Atala Financial Inc grew its position in shares of American Airlines Group by 14,106.7% during the 1st quarter. Atala Financial Inc now owns 17,048 shares of the airline's stock valued at $180,000 after acquiring an additional 16,928 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 1.5 %

Shares of American Airlines Group stock traded up $0.14 during midday trading on Friday, reaching $9.75. The company had a trading volume of 65,084,738 shares, compared to its average volume of 38,658,113. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. American Airlines Group has a 1-year low of $8.50 and a 1-year high of $19.10. The stock has a fifty day simple moving average of $11.47 and a 200 day simple moving average of $14.22.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Sell-side analysts expect that American Airlines Group will post 2.42 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.