Analysts Set American Airlines Group Inc. (NASDAQ:AAL) Price Target at $17.61

Shares of American Airlines Group Inc. (NASDAQ:AAL) have earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.6094.

Several equities analysts recently commented on AAL shares. Susquehanna raised shares of American Airlines Group from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $14.00 to $20.00 in a research note on Friday, January 9th. TD Cowen reaffirmed a “buy” rating on shares of American Airlines Group in a report on Wednesday, January 7th. Barclays increased their price objective on American Airlines Group from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Citigroup upped their target price on American Airlines Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company initiated coverage on shares of American Airlines Group in a research report on Thursday, December 18th. They issued an “equal weight” rating and a $17.00 target price for the company.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of AAL. Kingstone Capital Partners Texas LLC bought a new position in shares of American Airlines Group in the 2nd quarter worth about $7,452,000. GAMMA Investing LLC boosted its position in American Airlines Group by 87.6% in the second quarter. GAMMA Investing LLC now owns 23,819 shares of the airline’s stock worth $267,000 after purchasing an additional 11,119 shares during the last quarter. Kwmg LLC increased its holdings in American Airlines Group by 9.8% during the second quarter. Kwmg LLC now owns 420,429 shares of the airline’s stock valued at $4,717,000 after buying an additional 37,375 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of American Airlines Group by 56.7% in the 2nd quarter. Ballentine Partners LLC now owns 17,671 shares of the airline’s stock worth $198,000 after purchasing an additional 6,391 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in American Airlines Group by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 204,485 shares of the airline’s stock worth $2,294,000 after purchasing an additional 848 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $14.67 on Monday. American Airlines Group has a fifty-two week low of $8.50 and a fifty-two week high of $17.54. The stock has a market cap of $9.68 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.53 and a beta of 1.23. The stock has a fifty day moving average of $14.85 and a 200-day moving average of $13.27.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 23rd. The airline reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.10. American Airlines Group had a negative return on equity of 18.14% and a net margin of 1.11%.The business had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.65 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict that American Airlines Group will post 2.42 EPS for the current year.

About American Airlines Group

American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.

The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.