Raymond James Issues Pessimistic Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price target cut by Raymond James from $23.00 to $15.00 in a research report sent to investors on Wednesday, Marketbeat reports. They currently have an outperform rating on the airline’s stock.

Several other analysts also recently issued reports on the stock. TD Cowen boosted their target price on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Susquehanna dropped their price target on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and an average price target of $18.30.

American Airlines Group Trading Down 0.9 %

Shares of AAL opened at $9.42 on Wednesday. The business’s 50-day moving average price is $13.85 and its 200 day moving average price is $14.42. The stock has a market capitalization 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. American Airlines Group has a 1-year low of $8.50 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping 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 year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Several large investors have recently modified their holdings of the company. 111 Capital acquired a new position in American Airlines Group during the 4th quarter worth $1,037,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of American Airlines Group by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock worth $897,000 after purchasing an additional 5,152 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of American Airlines Group in the fourth quarter worth about $42,000. Heck Capital Advisors LLC acquired a new position in shares of American Airlines Group during the 4th quarter worth about $98,000. Finally, Polar Asset Management Partners Inc. bought a new stake in American Airlines Group during the 4th quarter valued at approximately $8,009,000. 52.44% of the stock is owned by institutional investors.

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.