American Airlines Group (NASDAQ:AAL) Upgraded at Barclays

Barclays upgraded shares of American Airlines Group (NASDAQ:AAL) from an underweight rating to an equal weight rating in a report published on Thursday, MarketBeat Ratings reports. The firm currently has $16.00 target price on the airline’s stock, up from their prior target price of $10.00.

A number of other equities analysts have also recently weighed in on AAL. Evercore reduced their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.00 to $12.00 in a research note on Monday, July 22nd. Bank of America raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Finally, TD Cowen raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average price target of $13.96.

American Airlines Group Stock Up 0.9 %

Shares of NASDAQ AAL opened at $14.39 on Thursday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15. The firm’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $11.78. The stock has a market capitalization of $9.46 billion, a P/E ratio of 43.61, a P/E/G ratio of 0.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, equities research analysts expect that American Airlines Group will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC grew its stake in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in American Airlines Group by 4.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after purchasing an additional 978 shares during the last quarter. CWM LLC raised its position in American Airlines Group by 5.2% during the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of American Airlines Group by 8.2% in the second 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. 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.