American Airlines Group (NASDAQ:AAL) Lowered to "Sell" Rating by The Goldman Sachs Group

American Airlines Group (NASDAQ:AAL - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a report released on Tuesday, MarketBeat.com reports. They currently have a $8.00 target price on the airline's stock, down from their previous target price of $16.00. The Goldman Sachs Group's price target suggests a potential downside of 17.27% from the company's current price.

Several other research analysts have also commented on AAL. Morgan Stanley raised their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Susquehanna dropped their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. StockNews.com cut American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Raymond James lowered their price objective on shares of American Airlines Group from $23.00 to $15.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.95.

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American Airlines Group Stock Up 1.7 %

Shares of AAL stock traded up $0.16 during mid-day trading on Tuesday, hitting $9.67. 53,179,183 shares of the stock were exchanged, compared to its average volume of 37,537,917. American Airlines Group has a 52-week low of $8.50 and a 52-week high of $19.10. The company has a market cap of $6.36 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The firm has a fifty day moving average of $12.85 and a 200 day moving average of $14.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts' consensus estimates 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%. Equities analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Insider Buying and Selling

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Voloridge Investment Management LLC bought a new position in American Airlines Group during the 4th quarter worth approximately $60,190,000. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of American Airlines Group in the fourth quarter worth about $42,693,000. Arrowstreet Capital Limited Partnership purchased a new stake in American Airlines Group in the 4th quarter worth about $40,333,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of American Airlines Group during the 4th quarter valued at $35,141,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Company Profile

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.