Analysts Set American Airlines Group Inc. (NASDAQ:AAL) Price Target at $19.30

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.30.

A number of brokerages have commented on AAL. Susquehanna reduced their price target on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Bank of America reduced their target price on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. StockNews.com downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Finally, Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors have recently modified their holdings of AAL. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth about $25,000. Brooklyn Investment Group lifted its stake in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the last quarter. Elequin Capital LP boosted its position in shares of American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after buying an additional 1,182 shares during the period. Bfsg LLC grew its stake in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after buying an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of American Airlines Group in the fourth quarter worth approximately $42,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Down 1.4 %

Shares of NASDAQ:AAL opened at $10.55 on Tuesday. The firm’s 50 day moving average price is $14.48 and its 200-day moving average price is $14.49. The stock has a market capitalization of $6.94 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Analysts expect that American Airlines Group will post 2.42 earnings per share for the current fiscal 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.