Bank of America Issues Pessimistic Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its target price lowered by stock analysts at Bank of America from $16.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the airline’s stock. Bank of America‘s price objective indicates a potential upside of 27.39% from the company’s current price.

A number of other equities research analysts have also recently commented on AAL. StockNews.com cut American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. TD Cowen raised their price objective on American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, February 26th. Citigroup decreased their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, Barclays cut their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.30.

American Airlines Group Trading Down 0.9 %

Shares of AAL stock opened at $9.42 on Thursday. American Airlines Group has a twelve month low of $8.50 and a twelve month high of $19.10. The stock has a market cap of $6.19 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.21 and a beta of 1.17. The stock has a 50 day moving average of $13.85 and a 200 day moving average of $14.42.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, research analysts predict that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company’s 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 completion of the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of American Airlines Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock valued at $1,097,838,000 after buying an additional 953,766 shares during the period. Primecap Management Co. CA increased its stake in American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after acquiring an additional 2,886,041 shares during the last quarter. Northern Trust Corp raised its position in American Airlines Group by 22.0% in the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock valued at $94,783,000 after purchasing an additional 980,409 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American Airlines Group by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock valued at $92,043,000 after purchasing an additional 943,336 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth $60,190,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.