Barclays Forecasts Strong Price Appreciation for American Airlines Group (NASDAQ:AAL) Stock

American Airlines Group (NASDAQ:AAL) had its price objective increased by equities research analysts at Barclays from $16.00 to $18.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the airline’s stock. Barclays‘s price target indicates a potential upside of 3.45% from the stock’s previous close.

AAL has been the subject of a number of other research reports. Citigroup upped their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Bank of America boosted their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Evercore ISI upped their target price on 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, The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.82.

American Airlines Group Trading Up 0.1 %

American Airlines Group stock opened at $17.40 on Friday. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.09. The firm has a market cap of $11.43 billion, a P/E ratio of 52.73, a P/E/G ratio of 0.26 and a beta of 1.41. The firm has a 50-day moving average of $13.44 and a 200-day moving average of $11.82.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the period. CWM LLC grew its holdings in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after acquiring an additional 1,059 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after purchasing an additional 1,126 shares during the last quarter. Signaturefd LLC raised its holdings in shares of American Airlines Group by 16.5% in the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after purchasing an additional 1,343 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of American Airlines Group by 4.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock worth $368,000 after purchasing an additional 1,459 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.