American Airlines Group (NASDAQ:AAL) Stock Rating Lowered by UBS Group

American Airlines Group (NASDAQ:AAL) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $16.00 price target on the airline’s stock. UBS Group’s price objective suggests a potential upside of 9.29% from the company’s previous close.

AAL has been the subject of a number of other reports. Evercore ISI lifted their price target on shares of 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. Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $10.00 to $16.00 in a report on Thursday, November 14th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. TD Cowen upped their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average target price of $13.93.

American Airlines Group Price Performance

Shares of AAL opened at $14.64 on Tuesday. The stock has a market capitalization of $9.62 billion, a P/E ratio of 44.36, a PEG ratio of 0.27 and a beta of 1.39. The firm has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $11.77. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15.

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

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in AAL. Price T Rowe Associates Inc. MD raised its stake in shares of American Airlines Group by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 876,505 shares of the airline’s stock valued at $13,455,000 after acquiring an additional 9,857 shares during the period. Silvercrest Asset Management Group LLC increased its stake in American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after buying an additional 978 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in American Airlines Group by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock worth $284,000 after buying an additional 1,329 shares during the period. LBP AM SA purchased a new position in American Airlines Group in the 1st quarter worth about $2,531,000. Finally, iA Global Asset Management Inc. purchased a new position in American Airlines Group in the 1st quarter worth about $1,301,000. Hedge funds and other 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.