American Airlines Group (NASDAQ:AAL) Price Target Lowered to $16.00 at Barclays

American Airlines Group (NASDAQ:AAL) had its price target decreased by Barclays from $18.00 to $16.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the airline’s stock.

Other equities research analysts also recently issued research reports about the company. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Morgan Stanley lifted their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.32.

American Airlines Group Price Performance

Shares of AAL stock opened at $10.93 on Wednesday. The company has a market cap of $7.19 billion, a P/E ratio of 9.59, a PEG ratio of 0.21 and a beta of 1.27. The stock’s 50-day moving average is $16.20 and its 200 day moving average is $14.42. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share 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 anticipate that American Airlines Group will post 2.42 EPS for the current year.

Insider Activity

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

Institutional Trading of American Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter worth approximately $25,000. Brooklyn Investment Group boosted its stake 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 worth $28,000 after acquiring an additional 909 shares during the last quarter. Elequin Capital LP boosted its stake in shares of 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 acquiring an additional 1,182 shares during the last quarter. Bfsg LLC boosted its stake in shares of American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of American Airlines Group in the fourth quarter worth approximately $42,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.