American Airlines Group (NASDAQ:AAL) Stock Rating Lowered by The Goldman Sachs Group

American Airlines Group (NASDAQ:AAL) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, Marketbeat reports. They currently have a $8.00 price target on the airline’s stock, down from their previous price target of $16.00. The Goldman Sachs Group’s target price would suggest a potential downside of 28.06% from the stock’s current price.

A number of other research firms have also issued reports on AAL. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, February 26th. Finally, Evercore ISI raised their target price on American Airlines Group to $18.00 and gave the company a “hold” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus price target of $16.95.

American Airlines Group Stock Up 22.6 %

Shares of NASDAQ AAL opened at $11.12 on Tuesday. The firm has a 50-day moving average price of $13.14 and a 200 day moving average price of $14.38. American Airlines Group has a 52 week low of $8.50 and a 52 week high of $19.10. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping 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%. Equities research analysts expect that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors have recently bought and sold shares of AAL. Raymond James Financial Inc. bought a new stake in shares of American Airlines Group during the 4th quarter worth about $3,858,000. Decker Retirement Planning Inc. bought a new stake in American Airlines Group during the fourth quarter worth approximately $9,482,000. Amundi lifted its position in American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after purchasing an additional 425,347 shares during the period. Contravisory Investment Management Inc. bought a new position in American Airlines Group during the 4th quarter valued at $689,000. Finally, KBC Group NV increased its position in shares of American Airlines Group by 46.0% during the 4th quarter. KBC Group NV now owns 8,982 shares of the airline’s stock valued at $157,000 after purchasing an additional 2,830 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.