American Airlines Group Inc (AAL) Receives $46.23 Consensus Target Price from Analysts

American Airlines Group Inc (NASDAQ:AAL) has received a consensus recommendation of “Hold” from the twenty-two ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $46.23.

A number of brokerages have recently issued reports on AAL. Cowen reissued an “outperform” rating and set a $42.00 target price (down from $43.00) on shares of American Airlines Group in a research note on Thursday, January 10th. Deutsche Bank downgraded American Airlines Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $28.81 to $35.63 in a research note on Friday, March 1st. ValuEngine downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. BidaskClub downgraded American Airlines Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Imperial Capital reissued an “outperform” rating and set a $46.00 target price (up from $42.00) on shares of American Airlines Group in a research note on Friday, January 25th.

American Airlines Group stock traded up $0.28 during mid-day trading on Thursday, reaching $34.03. 4,488,056 shares of the company were exchanged, compared to its average volume of 7,913,175. American Airlines Group has a twelve month low of $28.81 and a twelve month high of $48.38. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.13 and a beta of 1.53.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period last year, the firm earned $0.95 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts predict that American Airlines Group will post 5.76 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in American Airlines Group by 1.9% during the 4th quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock valued at $756,426,000 after buying an additional 444,541 shares during the last quarter. Harris Associates L P grew its holdings in American Airlines Group by 14.0% during the 4th quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after buying an additional 2,328,627 shares during the last quarter. FMR LLC grew its holdings in American Airlines Group by 37.5% during the 4th quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock valued at $456,824,000 after buying an additional 3,883,285 shares during the last quarter. Capital World Investors grew its holdings in American Airlines Group by 653.7% during the 3rd quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock valued at $271,621,000 after buying an additional 5,700,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in American Airlines Group by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock valued at $177,362,000 after buying an additional 366,191 shares during the last quarter. 81.46% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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