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

American Airlines Group Inc. (NASDAQ:AAL) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.99.

A number of brokerages have commented on AAL. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Evercore ISI increased their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

American Airlines Group Price Performance

Shares of AAL opened at $16.88 on Friday. The company’s 50-day moving average is $14.55 and its 200-day moving average is $12.12. The firm has a market capitalization of $11.09 billion, a PE ratio of 51.15, a PEG ratio of 0.29 and a beta of 1.41. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Analysts predict that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA increased its holdings in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the period. Point72 DIFC Ltd bought a new position in American Airlines Group in the 3rd quarter valued at approximately $16,490,000. Toronto Dominion Bank grew its holdings in American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in American Airlines Group by 10,997.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after acquiring an additional 1,156,540 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.