Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) PT at $16.95

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.95.

A number of equities research analysts have recently commented on the stock. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, January 6th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, February 26th. UBS Group lowered their price objective on American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st.

American Airlines Group Trading Up 0.4 %

Shares of AAL opened at $9.35 on Friday. The stock’s 50-day moving average price is $11.72 and its two-hundred day moving average price is $14.24. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10. The company has a market capitalization of $6.15 billion, a PE ratio of 8.20, a PEG ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Equities research analysts predict that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

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

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.