Bank of America Lowers American Airlines Group (NASDAQ:AAL) Price Target to $12.00

American Airlines Group (NASDAQ:AAL - Get Free Report) had its price target cut by Bank of America from $16.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the airline's stock. Bank of America's price target would indicate a potential upside of 30.62% from the company's current price.

AAL has been the subject of several other research reports. UBS Group raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target for the company in a report on Wednesday, February 26th. Jefferies Financial Group reissued a "hold" rating and issued a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. TD Cowen raised their price objective on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Finally, Evercore ISI boosted their price target on American Airlines Group to $18.00 and gave the company a "hold" rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus target price of $17.20.

Remove Ads

American Airlines Group Price Performance

NASDAQ AAL traded down $0.52 on Thursday, hitting $9.19. 42,663,562 shares of the company's stock were exchanged, compared to its average volume of 36,698,582. The firm's 50-day moving average price is $13.70 and its two-hundred day moving average price is $14.46. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts predict that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Institutional Trading of American Airlines Group

Institutional investors have recently bought and sold shares of the business. Cerity Partners LLC increased its stake in American Airlines Group by 13.2% during the 3rd quarter. Cerity Partners LLC now owns 80,131 shares of the airline's stock worth $901,000 after acquiring an additional 9,330 shares during the period. FMR LLC increased its position in American Airlines Group by 33.9% in the 3rd quarter. FMR LLC now owns 408,968 shares of the airline's stock valued at $4,597,000 after acquiring an additional 103,506 shares during the period. Townsquare Capital LLC raised its position in American Airlines Group by 70.5% during the 3rd quarter. Townsquare Capital LLC now owns 46,622 shares of the airline's stock worth $524,000 after purchasing an additional 19,271 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of American Airlines Group by 2.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,858 shares of the airline's stock worth $1,471,000 after acquiring an additional 2,932 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of American Airlines Group in the 3rd quarter valued at $128,000. Institutional investors own 52.44% of the company's stock.

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.