Raymond James Issues Pessimistic Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price objective lowered by equities research analysts at Raymond James from $23.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the airline’s stock. Raymond James’ price target suggests a potential upside of 43.88% from the company’s current price.

Several other research analysts have also recently weighed in on AAL. Barclays reduced their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 5th. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Bank of America reduced their price objective on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Susquehanna reduced their price target on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

American Airlines Group Trading Up 1.2 %

Shares of AAL stock traded up $0.13 on Wednesday, hitting $10.43. The stock had a trading volume of 11,297,261 shares, compared to its average volume of 35,865,436. The firm has a market cap of $6.86 billion, a P/E ratio of 9.14, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10. The company has a fifty day moving average price of $14.31 and a two-hundred day moving average price of $14.49.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

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

Institutional Investors Weigh In On American Airlines Group

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in American Airlines Group during the 4th quarter worth approximately $3,858,000. Centiva Capital LP lifted its holdings in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after buying an additional 99,513 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of American Airlines Group in the fourth quarter valued at about $9,482,000. Amundi grew its stake in shares of American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock valued at $7,510,000 after acquiring an additional 425,347 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in American Airlines Group during the fourth quarter worth about $689,000. 52.44% of the stock is currently 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.