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

American Airlines Group (NASDAQ:AAL) had its price target cut by research analysts at Bank of America from $20.00 to $16.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a “neutral” rating on the airline’s stock. Bank of America‘s price target would indicate a potential upside of 49.95% from the company’s current price.

AAL has been the subject of several other reports. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, January 6th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup upped their price target on shares of American Airlines Group to $21.50 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Susquehanna cut their price objective on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.37.

American Airlines Group Price Performance

Shares of AAL stock opened at $10.67 on Wednesday. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group has a one year low of $9.07 and a one year high of $19.10. The company’s fifty day moving average price is $16.08 and its 200-day moving average price is $14.39.

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%. Equities research analysts expect that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently bought and sold shares of AAL. Bernard Wealth Management Corp. purchased a new position in American Airlines Group during the 4th quarter valued at about $42,000. Heck Capital Advisors LLC purchased a new stake in American Airlines Group in the 4th quarter valued at about $98,000. Polar Asset Management Partners Inc. purchased a new stake in American Airlines Group in the 4th quarter valued at about $8,009,000. Ameriflex Group Inc. purchased a new stake in shares of American Airlines Group during the 4th quarter worth about $69,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of American Airlines Group during the 4th quarter worth about $1,797,000. 52.44% of the stock is owned by institutional investors and hedge funds.

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.