American Airlines Group (NASDAQ:AAL) Raised to “Equal Weight” at Barclays

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 brokerage currently has a $16.00 price target on the airline’s stock, up from their previous price target of $10.00. Barclays‘s price objective suggests a potential upside of 11.19% from the stock’s current price.

AAL has been the subject of a number of other reports. Susquehanna boosted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Evercore decreased their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Evercore ISI upped their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group raised 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Trading Up 0.9 %

AAL stock opened at $14.39 on Thursday. The stock has a market cap of $9.46 billion, a PE ratio of 43.61, a P/E/G ratio of 0.25 and a beta of 1.39. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The company has a 50-day moving average price of $12.21 and a 200 day moving average price of $11.78.

American Airlines Group (NASDAQ:AAL) last announced its earnings results 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. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that American Airlines Group will post 1.49 EPS for the current year.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently made changes to their positions in AAL. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. lifted its position 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 buying an additional 2,264 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in American Airlines Group by 51.3% in 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 in the last quarter. ORG Partners LLC acquired a new position in American Airlines Group during the second quarter worth $36,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of American Airlines Group in the second quarter valued at about $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.