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

Shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) have been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.40.

A number of equities research analysts have issued reports on the company. Wolfe Research assumed coverage on American Airlines Group in a research report on Tuesday, February 15th. They set an “outperform” rating for the company. The Goldman Sachs Group decreased their target price on American Airlines Group from $14.00 to $12.00 and set a “sell” rating for the company in a research report on Wednesday, March 16th. Deutsche Bank Aktiengesellschaft upped their price target on American Airlines Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, April 22nd. Seaport Res Ptn lowered American Airlines Group from a “buy” rating to a “neutral” rating in a report on Monday, March 7th. Finally, Redburn Partners lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Tuesday, January 25th.

Shares of NASDAQ AAL traded up $1.27 during trading hours on Tuesday, hitting $17.82. The stock had a trading volume of 28,943,730 shares, compared to its average volume of 42,011,324. The company has a market capitalization of $11.57 billion, a P/E ratio of -4.84 and a beta of 1.44. The firm’s 50-day moving average price is $17.56 and its two-hundred day moving average price is $17.85. American Airlines Group has a 52 week low of $12.44 and a 52 week high of $26.04.

American Airlines Group (NASDAQ:AAL – Get Rating) last announced its earnings results on Thursday, April 21st. The airline reported ($2.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.40) by $0.08. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.82 billion. The firm’s revenue for the quarter was up 122.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($4.32) EPS. Equities research analysts anticipate that American Airlines Group will post -1 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in American Airlines Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 69,272,683 shares of the airline’s stock worth $1,264,227,000 after acquiring an additional 1,126,106 shares in the last quarter. U S Global Investors Inc. raised its stake in American Airlines Group by 15.7% during the first quarter. U S Global Investors Inc. now owns 20,750,111 shares of the airline’s stock worth $378,690,000 after acquiring an additional 2,822,450 shares in the last quarter. Geode Capital Management LLC raised its stake in American Airlines Group by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,169,912 shares of the airline’s stock worth $218,247,000 after acquiring an additional 44,225 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of American Airlines Group by 2.1% during the third quarter. Two Sigma Advisers LP now owns 8,013,846 shares of the airline’s stock worth $164,444,000 after purchasing an additional 166,900 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of American Airlines Group by 23.6% during the first quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s stock worth $132,261,000 after purchasing an additional 1,382,569 shares during the last quarter. Hedge funds and other institutional investors own 53.70% of the company’s stock.

American Airlines Group Company Profile (Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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