American Airlines Group Inc. (NASDAQ:AAL) Stock Has Average Target Price of $17.41 According to Brokerages

American Airlines Group Inc. (NASDAQ:AAL) has earned a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $17.29.

A number of equities analysts have issued reports on the stock. BMO Capital Markets reduced their price target on shares of American Airlines Group from $19.00 to $15.50 and set a “market perform” rating for the company in a research report on Monday, September 28th. Susquehanna decreased their price objective on shares of American Airlines Group from $20.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, October 7th. Wall Street Zen downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings downgraded shares of American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Finally, Sanford C. Bernstein set a $19.00 price objective on shares of American Airlines Group in a research note on Tuesday, October 20th.

American Airlines Group Price Performance

Shares of AAL opened at $12.61 on Wednesday. The company’s fifty day moving average price is $13.02 and its 200-day moving average price is $13.61. American Airlines Group has a 1-year low of $10.09 and a 1-year high of $18.79.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 22nd. The airline reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.08. The firm had revenue of $16.34 billion during the quarter, compared to analysts’ expectations of $16.21 billion. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) EPS. As a group, equities research analysts predict that American Airlines Group will post -1.30 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In related news, SVP Angela Owens sold 40,077 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the transaction, the senior vice president directly owned 178,799 shares in the company, valued at $2,728,472.74. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC purchased a new position in American Airlines Group during the second quarter worth approximately $2,844,000. GSA Capital Partners LLP acquired a new stake in American Airlines Group in the second quarter valued at approximately $5,666,000. BlackRock Inc. acquired a new stake in American Airlines Group in the second quarter valued at approximately $1,144,739,000. Assenagon Asset Management S.A. increased its position in shares of American Airlines Group by 1,025.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,191,912 shares of the airline’s stock valued at $21,538,000 after buying an additional 1,086,013 shares in the last quarter. Finally, Amundi increased its position in shares of American Airlines Group by 2,450.9% in the second quarter. Amundi now owns 1,176,913 shares of the airline’s stock valued at $21,267,000 after buying an additional 1,130,775 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.