American Airlines Group Inc. (NASDAQ: AAL) Given Average Rating of “Hold” by Brokerages


Shares of American Airlines Group Inc. (NASDAQ: AAL – Get Rating) have been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $ 18.17.

AAL has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of American Airlines Group from $ 23.00 to $ 25.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Susquehanna Bancshares dropped their price target on shares of American Airlines Group from $ 19.00 to $ 15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 12th. JPMorgan Chase & Co. raised shares of American Airlines Group from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $ 18.00 to $ 26.00 in a research report on Friday, April 22nd. Jefferies Financial Group reissued a “hold” rating and issued a $ 20.00 price target on shares of American Airlines Group in a research report on Monday, June 27th. Finally, StockNews.com assumed coverage on shares of American Airlines Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

Institutional Trading of American Airlines Group

Several hedge funds have recently modified their holdings of AAL. Steward Financial Group LLC boosted its stake in American Airlines Group by 187.0% in the second quarter. Steward Financial Group LLC now owns 5,329 shares of the airline’s stock valued at $ 66,000 after acquiring an additional 3,472 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in American Airlines Group by 6.2% in the second quarter. Commonwealth Equity Services LLC now owns 907,205 shares of the airline’s stock valued at $ 11,503,000 after acquiring an additional 53,267 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in American Airlines Group in the second quarter valued at approximately $ 140,000. Eidelman Virant Capital bought a new position in American Airlines Group in the second quarter valued at approximately $ 291,000. Finally, DAVENPORT & Co LLC bought a new position in American Airlines Group in the second quarter valued at approximately $ 135,000. 53.70% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

NASDAQ AAL opened at $ 13.68 on Friday. The firm has a 50-day simple moving average of $ 14.87 and a 200 day simple moving average of $ 16.50. American Airlines Group has a twelve month low of $ 11.93 and a twelve month high of $ 22.35. The stock has a market cap of $ 8.89 billion, a PE ratio of -4.51 and a beta of 1.54.

American Airlines Group (NASDAQ: AAL – Get Rating) last released its earnings results on Thursday, July 21st. The airline reported $ 0.76 earnings per share for the quarter, beating the consensus estimate of $ 0.70 by $ 0.06. The company had revenue of $ 13.42 billion during the quarter, compared to the consensus estimate of $ 13.40 billion. During the same quarter in the previous year, the business posted ($ 1.69) EPS. The firm’s quarterly revenue was up 79.5% on a year-over-year basis. Research analysts forecast that American Airlines Group will post -1.02 earnings per share for the current fiscal year.

American Airlines Group Company Profile

(Get Rating)

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, Madrid, Seattle / Tacoma, Sydney, and Tokyo.

Recommended Stories

Analyst Recommendations for American Airlines Group (NASDAQ: AAL)



Receive News & Ratings for American Airlines Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Airlines Group and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Comment

Your email address will not be published. Required fields are marked *