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

American Airlines Group (NASDAQ:AAL) had its price target decreased by Barclays from $16.00 to $11.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the airline’s stock.

Several other equities research analysts also recently weighed in on the company. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Morgan Stanley boosted their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Finally, TD Cowen upped their price target on American Airlines Group to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.95.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $9.07 on Tuesday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10. The firm’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $14.41.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Transactions at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently added to or reduced their stakes in AAL. FMR LLC boosted its position in shares of American Airlines Group by 33.9% in the third quarter. FMR LLC now owns 408,968 shares of the airline’s stock worth $4,597,000 after acquiring an additional 103,506 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in American Airlines Group during the third quarter worth approximately $128,000. Integrated Wealth Concepts LLC boosted its holdings in shares of American Airlines Group by 7.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,716 shares of the airline’s stock valued at $379,000 after purchasing an additional 2,278 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of American Airlines Group by 650.8% during the 3rd quarter. Quantinno Capital Management LP now owns 307,359 shares of the airline’s stock valued at $3,455,000 after buying an additional 266,424 shares during the period. Finally, United Services Automobile Association increased its holdings in shares of American Airlines Group by 73.3% during the 3rd quarter. United Services Automobile Association now owns 30,707 shares of the airline’s stock worth $345,000 after buying an additional 12,985 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.