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Brokerages Set American Airlines Group Inc (AAL) Target Price at $49.06

Shares of American Airlines Group Inc (NASDAQ:AAL) have been given a consensus recommendation of “Buy” by the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $49.06.

A number of research firms have weighed in on AAL. BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. ValuEngine raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Imperial Capital raised American Airlines Group from $52.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, Citigroup raised American Airlines Group from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, November 29th.

Get American Airlines Group alerts: In other American Airlines Group news, Director John T. Cahill bought 25,000 shares of the stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $33.47 per share, for a total transaction of $836,750.00. Following the completion of the transaction, the director now owns 6,531 shares in the company, valued at approximately $218,592.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, Director Jeffrey D. Benjamin bought 15,000 shares of the stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of $35.69 per share, for a total transaction of $535,350.00. Following the completion of the transaction, the director now owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The disclosure for this purchase can be found here . Company insiders own 0.70% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Packer & Co Ltd grew its position in American Airlines Group by 275.7% in the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the airline’s stock valued at $13,627,000 after buying an additional 909,800 shares during the last quarter. North Star Investment Management Corp. grew its position in American Airlines Group by 52.8% in the 4th quarter. North Star Investment Management Corp. now owns 82,361 shares of the airline’s stock valued at $2,645,000 after buying an additional 28,450 shares during the last quarter. IMS Capital Management purchased a new position in American Airlines Group in the 3rd quarter valued at $35,000. Morgan Stanley grew its position in American Airlines Group by 1.7% in the 3rd quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock valued at $82,181,000 after buying an additional 33,850 shares during the last quarter. Finally, Legal & General Group Plc grew its position in American Airlines Group by 3.2% in the 3rd quarter. Legal & General Group Plc now owns 718,125 shares of the airline’s stock valued at $29,680,000 after buying an additional 22,066 shares during the last quarter. Hedge funds and other institutional investors own 81.14% of the company’s stock.

NASDAQ:AAL traded down $0.53 during mid-day trading on Tuesday, hitting $32.42. The stock had a trading volume of 7,106,851 9,307,960. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.75 and a beta of 1.32. American Airlines Group has a twelve month low of $28.81 and a twelve month high of $59.08.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 25th. The airline reported $1.13 earnings per share for the quarter, $1.12 by $0.01. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. The company had revenue of $11.56 billion for the quarter, $11.55 billion. On average, research analysts predict that American Airlines Group will post 4.57 EPS for the current fiscal year.

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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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