American Airlines Group (NASDAQ:AAL) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of American Airlines Group (NASDAQ:AAL - Free Report) from an underweight rating to an equal weight rating in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have $16.00 target price on the airline's stock, up from their prior target price of $10.00.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group boosted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Wednesday, October 2nd. TD Securities cut their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. BNP Paribas raised shares of American Airlines Group to a "hold" rating in a report on Thursday, September 19th. Evercore cut their price target on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Finally, Bank of America upped their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company an "underperform" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $13.89.

American Airlines Group Trading Up 1.8 %

AAL traded up $0.25 during trading on Thursday, hitting $14.26. 33,104,302 shares of the company's stock were exchanged, compared to its average volume of 34,369,090. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15. The stock has a 50 day moving average price of $12.14 and a 200 day moving average price of $11.76. The firm has a market cap of $9.37 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. American Airlines Group's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently bought and sold shares of AAL. Maverick Capital Ltd. lifted its stake in American Airlines Group by 24.6% during the third quarter. Maverick Capital Ltd. now owns 241,572 shares of the airline's stock valued at $2,715,000 after buying an additional 47,718 shares in the last quarter. Encompass More Asset Management purchased a new stake in American Airlines Group during the third quarter valued at about $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Airlines Group by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,858 shares of the airline's stock valued at $1,471,000 after buying an additional 2,932 shares in the last quarter. MetLife Investment Management LLC lifted its stake in American Airlines Group by 92.8% during the third quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline's stock valued at $3,839,000 after buying an additional 164,376 shares in the last quarter. Finally, Townsquare Capital LLC lifted its stake in American Airlines Group by 70.5% during the third quarter. Townsquare Capital LLC now owns 46,622 shares of the airline's stock valued at $524,000 after buying an additional 19,271 shares in the last quarter. 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.