American Airlines Group (NASDAQ:AAL) Price Target Cut to $9.00 by Analysts at UBS Group

American Airlines Group (NASDAQ:AAL - Get Free Report) had its target price dropped by investment analysts at UBS Group from $13.00 to $9.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the airline's stock. UBS Group's target price suggests a potential downside of 6.93% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Citigroup dropped their target price on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. StockNews.com cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.95.

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American Airlines Group Price Performance

NASDAQ:AAL traded up $0.16 during trading hours on Monday, reaching $9.67. 53,179,183 shares of the company were exchanged, compared to its average volume of 37,537,917. The business has a 50 day moving average of $12.85 and a 200 day moving average of $14.36. American Airlines Group has a 1-year low of $8.50 and a 1-year high of $19.10. The company has a market capitalization of $6.36 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Trading of American Airlines Group

Several hedge funds have recently added to or reduced their stakes in AAL. FMR LLC lifted its stake in American Airlines Group by 33.9% in the third quarter. FMR LLC now owns 408,968 shares of the airline's stock valued at $4,597,000 after purchasing an additional 103,506 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of American Airlines Group during the 3rd quarter worth $128,000. Integrated Wealth Concepts LLC raised its stake in American Airlines Group by 7.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,716 shares of the airline's stock valued at $379,000 after acquiring an additional 2,278 shares during the period. Quantinno Capital Management LP lifted its holdings in American Airlines Group by 650.8% during the third quarter. Quantinno Capital Management LP now owns 307,359 shares of the airline's stock valued at $3,455,000 after purchasing an additional 266,424 shares during the last quarter. Finally, United Services Automobile Association increased its stake in shares of American Airlines Group by 73.3% in the third quarter. United Services Automobile Association now owns 30,707 shares of the airline's stock worth $345,000 after purchasing an additional 12,985 shares in the last quarter. Institutional investors own 52.44% of the company's stock.

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.