American Airlines Group Inc (NASDAQ:AAL) has received an average recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.40.

Several brokerages recently commented on AAL. Cowen reiterated a “buy” rating on shares of American Airlines Group in a report on Wednesday, June 24th. Seaport Global Securities initiated coverage on shares of American Airlines Group in a research note on Wednesday, June 17th. They issued a “buy” rating and a $27.00 target price on the stock. Goldman Sachs Group downgraded shares of American Airlines Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $15.00 in a research note on Monday, March 16th. BidaskClub downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Evercore ISI dropped their target price on shares of American Airlines Group from $10.00 to $1.00 and set an “underperform” rating on the stock in a research note on Friday, May 1st.

NASDAQ:AAL traded up $0.76 during mid-day trading on Friday, hitting $11.94. 90,529,600 shares of the stock traded hands, compared to its average volume of 101,743,816. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of -6.42 and a beta of 1.73. American Airlines Group has a 52 week low of $8.25 and a 52 week high of $34.99. The firm’s 50 day moving average is $13.72 and its two-hundred day moving average is $18.00.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 30th. The airline reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.16) by ($0.49). The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.01 billion. American Airlines Group had a negative net margin of 1.69% and a negative return on equity of 124.31%. The business’s revenue for the quarter was down 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. Research analysts predict that American Airlines Group will post -15.16 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of AAL. Victory Capital Management Inc. lifted its position in American Airlines Group by 3.2% during the fourth quarter. Victory Capital Management Inc. now owns 387,346 shares of the airline’s stock valued at $11,109,000 after acquiring an additional 12,145 shares during the last quarter. CI Investments Inc. lifted its position in American Airlines Group by 18.8% during the fourth quarter. CI Investments Inc. now owns 15,001 shares of the airline’s stock valued at $430,000 after acquiring an additional 2,374 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in American Airlines Group by 10.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,122 shares of the airline’s stock valued at $290,000 after acquiring an additional 918 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in American Airlines Group by 97.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 33,245 shares of the airline’s stock valued at $953,000 after acquiring an additional 16,425 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in American Airlines Group by 2.8% during the fourth quarter. Prudential Financial Inc. now owns 375,517 shares of the airline’s stock valued at $10,770,000 after acquiring an additional 10,389 shares during the last quarter. 69.91% of the stock is owned by institutional investors.

About American Airlines Group

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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