Barclays Has Lowered Expectations for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price target lowered by Barclays from $18.00 to $16.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the airline’s stock.

A number of other research analysts have also recently commented on AAL. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and a consensus price target of $19.37.

American Airlines Group Stock Performance

Shares of AAL opened at $10.87 on Wednesday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $19.10. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.21 and a beta of 1.27. The stock has a fifty day moving average of $15.95 and a 200-day moving average of $14.40.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, equities analysts forecast that American Airlines Group will post 2.42 EPS for the current year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated 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 in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted 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 worth $1,097,838,000 after buying an additional 953,766 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Northern Trust Corp lifted its position in shares of American Airlines Group by 22.0% during the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock worth $94,783,000 after buying an additional 980,409 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock worth $92,043,000 after buying an additional 943,336 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $60,190,000. Institutional investors and hedge funds 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.