American Airlines Group (NASDAQ:AAL) PT Lowered to $10.00 at Barclays

American Airlines Group (NASDAQ:AAL) had its price target cut by Barclays from $14.00 to $10.00 in a report published on Wednesday, Benzinga reports. They currently have an underweight rating on the airline’s stock.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group downgraded American Airlines Group from a buy rating to a hold rating and lowered their price objective for the stock from $17.00 to $12.00 in a research report on Wednesday, May 29th. Susquehanna dropped their price target on shares of American Airlines Group from $15.00 to $13.00 and set a neutral rating on the stock in a research report on Thursday, May 30th. HSBC initiated coverage on shares of American Airlines Group in a research note on Monday, May 13th. They issued a buy rating and a $17.90 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $24.00 to $21.00 and set an overweight rating for the company in a research note on Thursday, May 30th. Finally, Sanford C. Bernstein upped their price target on shares of American Airlines Group from $21.00 to $22.00 and gave the company an outperform rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $16.28.

American Airlines Group Trading Down 0.5 %

AAL stock opened at $10.68 on Wednesday. The stock has a market capitalization of $7.01 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. The firm has a 50-day moving average price of $12.32 and a 200-day moving average price of $13.62. American Airlines Group has a 12 month low of $10.34 and a 12 month high of $19.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. As a group, equities analysts predict that American Airlines Group will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group during the 4th quarter valued at $27,000. Quarry LP bought a new position in shares of American Airlines Group during the fourth quarter valued at about $34,000. Beaird Harris Wealth Management LLC boosted its holdings in American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC bought a new stake in American Airlines Group in the 4th quarter worth about $38,000. Finally, GoalVest Advisory LLC bought a new stake in American Airlines Group in the 1st quarter worth about $38,000. Hedge funds and other 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.