American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-one research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.42.
Several research firms have recently commented on AAL. Bank of America raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a research note on Friday, October 25th. Citigroup boosted their target price on American Airlines Group from $19.00 to $23.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Raymond James raised shares of American Airlines Group from a "market perform" rating to an "outperform" rating and set a $24.00 target price for the company in a research note on Monday, December 30th. Finally, Barclays lifted their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th.
Get Our Latest Stock Report on AAL
American Airlines Group Price Performance
AAL stock traded down $0.09 during mid-day trading on Thursday, reaching $17.60. 23,082,950 shares of the company traded hands, compared to its average volume of 24,648,467. The company has a fifty day moving average price of $15.69 and a 200-day moving average price of $12.66. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $18.20. The company has a market capitalization of $11.57 billion, a P/E ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. As a group, analysts forecast that American Airlines Group will post 1.62 EPS for the current year.
Insider Activity
In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by company insiders.
Institutional Investors Weigh In On American Airlines Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strathmore Capital Advisors Inc. purchased a new position in American Airlines Group in the 4th quarter worth approximately $351,000. Everence Capital Management Inc. bought a new stake in shares of American Airlines Group in the fourth quarter worth $409,000. Principal Financial Group Inc. grew its holdings in American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after purchasing an additional 787,671 shares during the period. Retirement Systems of Alabama boosted its holdings in American Airlines Group by 451.2% in the 3rd quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline's stock worth $8,967,000 after buying an additional 653,012 shares during the period. Finally, Tidal Investments LLC raised its position in shares of American Airlines Group by 63.1% during the third quarter. Tidal Investments LLC now owns 66,249 shares of the airline's stock valued at $745,000 after buying an additional 25,637 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.
About American Airlines Group
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Get Free ReportAmerican 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.
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