American Airlines Group (NASDAQ:AAL) Price Target Lowered to $15.00 at Raymond James

American Airlines Group (NASDAQ:AAL - Get Free Report) had its price target lowered by analysts at Raymond James from $23.00 to $15.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage currently has an "outperform" rating on the airline's stock. Raymond James' price target indicates a potential upside of 58.33% from the company's current price.

Other research analysts have also issued reports about the stock. Susquehanna lowered their price objective on shares of American Airlines Group from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. StockNews.com cut American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. TD Cowen boosted their target price on American Airlines Group to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Finally, Morgan Stanley raised their price target on American Airlines Group from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, American Airlines Group currently has an average rating of "Moderate Buy" and a consensus price target of $17.90.

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American Airlines Group Stock Performance

AAL traded up $0.01 on Wednesday, hitting $9.47. 41,146,360 shares of the company were exchanged, compared to its average volume of 36,540,821. The stock's fifty day moving average is $13.85 and its 200-day moving average is $14.47. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10. The company has a market cap of $6.23 billion, a PE ratio of 8.36, a PEG ratio of 0.21 and a beta of 1.17.

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

Insider Buying and Selling

In other news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $25,000. Brooklyn Investment Group grew its holdings in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after purchasing an additional 909 shares during the period. Elequin Capital LP grew its holdings in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after purchasing an additional 1,182 shares during the period. Bfsg LLC increased its stake in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in shares of American Airlines Group during the fourth quarter valued at about $42,000. Institutional investors and hedge funds 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.