Barclays Has Lowered Expectations for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price target lowered by analysts at Barclays from $18.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the airline’s stock. Barclays‘s target price would indicate a potential upside of 49.95% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Susquehanna lowered their target price on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. 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 research note on Thursday, December 5th. StockNews.com upgraded American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup raised their target price on American Airlines Group to $21.50 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley raised their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.37.

American Airlines Group Trading Down 2.4 %

Shares of AAL opened at $10.67 on Wednesday. The business’s 50-day moving average price is $16.08 and its 200 day moving average price is $14.39. The stock has a market capitalization of $7.02 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.21 and a beta of 1.27. 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 announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating 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, research analysts predict that American Airlines Group will post 2.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently modified their holdings of AAL. Concurrent Investment Advisors LLC lifted its holdings in shares of American Airlines Group by 20.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after purchasing an additional 2,128 shares in the last quarter. Principal Financial Group Inc. raised its position in American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after buying an additional 787,671 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in American Airlines Group by 21.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 194,278 shares of the airline’s stock valued at $2,184,000 after buying an additional 34,222 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in American Airlines Group in the 3rd quarter valued at approximately $137,000. Finally, Prime Capital Investment Advisors LLC raised its position in American Airlines Group by 3.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 72,069 shares of the airline’s stock valued at $810,000 after buying an additional 2,526 shares during the last quarter. 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.