American Airlines Group (NASDAQ:AAL) Raised to Equal Weight at Barclays

Barclays upgraded shares of American Airlines Group (NASDAQ:AAL) from an underweight rating to an equal weight rating in a research report sent to investors on Thursday, Marketbeat.com reports. The brokerage currently has $16.00 target price on the airline’s stock, up from their previous target price of $10.00.

A number of other analysts have also issued reports on the company. Evercore ISI lifted their target price on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Bank of America lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. TD Cowen raised their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Susquehanna raised their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.96.

American Airlines Group Stock Down 0.2 %

Shares of AAL stock traded down $0.03 on Thursday, reaching $14.23. 7,632,302 shares of the stock were exchanged, compared to its average volume of 34,244,086. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The stock has a market cap of $9.35 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. The firm has a 50 day moving average of $12.14 and a two-hundred day moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that American Airlines Group will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently modified their holdings of the company. Beaird Harris Wealth Management LLC raised its holdings in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the period. Blue Trust Inc. grew its stake in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of American Airlines Group by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after acquiring an additional 978 shares in the last quarter. CWM LLC raised its position in shares of American Airlines Group by 5.2% during the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after purchasing an additional 1,059 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after purchasing an additional 1,126 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

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.