Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) PT at $19.30

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Six 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.30.

A number of research analysts have issued reports on AAL shares. Citigroup decreased their price target on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Bank of America reduced their target price on American Airlines Group from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. UBS Group upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares of the company's stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the business'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 sale, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Remove Ads

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AAL. Avantax Advisory Services Inc. raised its holdings in shares of American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock valued at $257,000 after acquiring an additional 635 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of American Airlines Group by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock worth $2,332,000 after purchasing an additional 774 shares in the last quarter. M&T Bank Corp raised its stake in American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock valued at $602,000 after purchasing an additional 794 shares during the last quarter. Brooklyn Investment Group lifted its holdings in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in American Airlines Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock valued at $348,000 after purchasing an additional 981 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

NASDAQ:AAL traded down $0.32 during mid-day trading on Tuesday, hitting $11.51. 57,319,659 shares of the company's stock traded hands, compared to its average volume of 34,764,878. The company has a fifty day moving average of $15.19 and a 200 day moving average of $14.49. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10. The company has a market capitalization of $7.57 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, research analysts expect 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.