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

American Airlines Group (NASDAQ:AAL) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a $16.00 price target on the airline’s stock, up from their previous price target of $10.00. Barclays‘s price target points to a potential upside of 11.19% from the stock’s previous close.

A number of other equities analysts have also recently commented on AAL. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their target price on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna increased their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Price Performance

American Airlines Group stock opened at $14.39 on Thursday. The firm has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $11.78. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15.

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

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. increased its stake in shares of American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after acquiring an additional 795 shares during the period. ORG Partners LLC purchased a new stake in American Airlines Group in the second quarter valued at approximately $36,000. Finally, Sentry Investment Management LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $36,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.