American Airlines Group (NASDAQ:AAL - Get Free Report) had its price target dropped by analysts at Barclays from $16.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the airline's stock. Barclays's target price suggests a potential upside of 13.75% from the company's current price.
Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group restated a "hold" rating and set a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. The Goldman Sachs Group downgraded shares of American Airlines Group from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $16.00 to $8.00 in a research report on Tuesday, April 8th. UBS Group lowered their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Morgan Stanley increased their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.95.
Read Our Latest Research Report on American Airlines Group
American Airlines Group Price Performance
Shares of NASDAQ:AAL traded up $0.16 on Tuesday, reaching $9.67. The company's stock had a trading volume of 53,179,183 shares, 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 stock's 50-day moving average is $12.85 and its two-hundred day moving average is $14.36. The stock has a market capitalization of $6.36 billion, a P/E ratio of 8.48, a PEG ratio of 0.21 and a beta of 1.17.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts forecast that American Airlines Group will post 2.42 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares of the company's stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.
Hedge Funds Weigh In On American Airlines Group
A number of hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC acquired a new position in American Airlines Group in the fourth quarter valued at $25,000. Brooklyn Investment Group lifted its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Elequin Capital LP lifted 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 valued at $30,000 after purchasing an additional 1,182 shares in the last quarter. Bfsg LLC grew its holdings in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 52.44% of the company's stock.
About American Airlines Group
(
Get Free Report)
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.
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