American Airlines Group (NASDAQ:AAL) Price Target Cut to $16.00 by Analysts at Barclays

American Airlines Group (NASDAQ:AAL) had its price target decreased by analysts at Barclays from $18.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the airline’s stock. Barclays‘s price objective indicates a potential upside of 45.95% from the company’s previous close.

Several other equities analysts have also recently issued reports on AAL. Susquehanna reduced their price objective on 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. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Thursday, December 5th. Citigroup raised their target price on shares of American Airlines Group to $21.50 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $25.00 in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.32.

American Airlines Group Stock Down 4.3 %

Shares of AAL traded down $0.50 during midday trading on Wednesday, hitting $10.96. The company had a trading volume of 24,356,737 shares, compared to its average volume of 39,853,781. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.21 and a beta of 1.27. The company’s 50 day moving average price is $16.33 and its 200 day moving average price is $14.44. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating 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%. Equities analysts anticipate that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group in the 4th quarter worth approximately $25,000. Brooklyn Investment Group increased its holdings in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares in the last quarter. Elequin Capital LP lifted its position in shares of American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,182 shares during the last quarter. Bfsg LLC boosted its stake in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in shares of American Airlines Group in the 4th quarter worth $42,000. 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.