American Airlines Group Inc. (NASDAQ:AAL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.68.

Several research analysts have recently issued reports on AAL shares. Bank of America cut their price target on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. TD Cowen boosted their target price on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. StockNews.com downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Barclays cut their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th.

American Airlines Group Stock Performance

American Airlines Group stock opened at $12.30 on Wednesday. The company has a market cap of $8.11 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. American Airlines Group has a one year low of $8.50 and a one year high of $19.10. The business has a fifty day moving average of $10.52 and a two-hundred day moving average of $14.09.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released 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 business 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%. The business's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.34) EPS. Sell-side analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Institutional Trading of American Airlines Group

A number of institutional investors have recently modified their holdings of AAL. Principal Financial Group Inc. grew its holdings in shares of American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. Cooper Financial Group acquired a new position in American Airlines Group during the 4th quarter worth approximately $181,000. Assenagon Asset Management S.A. acquired a new position in American Airlines Group during the 4th quarter worth approximately $26,033,000. Contravisory Investment Management Inc. acquired a new position in American Airlines Group during the 4th quarter worth approximately $689,000. Finally, Gateway Investment Advisers LLC lifted its position in American Airlines Group by 869.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 477,255 shares of the airline's stock worth $8,319,000 after acquiring an additional 428,040 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.

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.

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