Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) PT at $18.99

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.88.

Several research firms have commented on AAL. Raymond James reiterated an “outperform” rating and set a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Susquehanna reduced their price objective on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Barclays raised their price target on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th.

American Airlines Group Stock Up 0.6 %

Shares of AAL stock opened at $17.17 on Monday. The stock has a market cap of $11.28 billion, a P/E ratio of 15.06, a PEG ratio of 0.24 and a beta of 1.35. The company’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $13.70. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, analysts anticipate that American Airlines Group will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently made changes to their positions in the business. Austin Private Wealth LLC purchased a new position in American Airlines Group during the 3rd quarter worth $723,000. U S Global Investors Inc. boosted its holdings in American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after acquiring an additional 508,119 shares in the last quarter. Centiva Capital LP increased its holdings in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after acquiring an additional 99,513 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after acquiring an additional 787,671 shares in the last quarter. Finally, Primecap Management Co. CA boosted its stake in American Airlines Group by 0.8% in the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after purchasing an additional 458,310 shares in the last quarter. 52.44% of the stock is 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.