Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) PT at $15.68

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

Several analysts recently issued reports on AAL shares. Redburn Atlantic upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and increased their price target for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. TD Cowen lifted their target price on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Citigroup reduced 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. Sanford C. Bernstein raised their price target on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group cut shares of American Airlines Group from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $16.00 to $8.00 in a report on Tuesday, April 8th.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently made changes to their positions in AAL. Vanguard Group Inc. lifted its holdings in American Airlines Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 63,625,284 shares of the airline's stock valued at $671,247,000 after purchasing an additional 639,760 shares in the last quarter. Primecap Management Co. CA grew its position in American Airlines Group by 0.4% in the 1st quarter. Primecap Management Co. CA now owns 60,445,097 shares of the airline's stock valued at $637,696,000 after acquiring an additional 219,390 shares in the last quarter. U S Global Investors Inc. grew its position in American Airlines Group by 8.7% in the 1st quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline's stock valued at $75,762,000 after acquiring an additional 576,612 shares in the last quarter. Northern Trust Corp grew its position in American Airlines Group by 22.0% in the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock valued at $94,783,000 after acquiring an additional 980,409 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of American Airlines Group by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock worth $92,043,000 after buying an additional 943,336 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Trading Down 6.6%

Shares of AAL stock traded down $0.78 on Friday, hitting $11.06. The stock had a trading volume of 72,629,690 shares, compared to its average volume of 41,687,847. American Airlines Group has a twelve month low of $8.50 and a twelve month high of $19.10. The firm has a market cap of $7.29 billion, a P/E ratio of 9.70, a PEG ratio of 0.21 and a beta of 1.39. The company has a fifty day moving average price of $10.68 and a two-hundred day moving average price of $13.72.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same period in the previous year, the firm posted ($0.34) EPS. The firm's revenue was down .2% compared to the same quarter last year. On average, analysts expect that American Airlines Group will post 2.42 earnings per share for the current 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.