American Airlines Group (NASDAQ:AAL) Given New $16.00 Price Target at Barclays

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

A number of other research firms also recently commented on AAL. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on 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. TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and increased their target price for the company from $17.00 to $25.00 in a research report on Monday, January 6th. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, February 26th. Finally, Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.32.

American Airlines Group Price Performance

AAL stock opened at $10.93 on Wednesday. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.21 and a beta of 1.27. The business has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $14.42.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its stake in shares of American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after buying an additional 635 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of American Airlines Group by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after buying an additional 774 shares during the period. M&T Bank Corp increased its stake in shares of American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock valued at $602,000 after buying an additional 794 shares during the period. Brooklyn Investment Group increased its stake in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares during the period. Finally, CIBC Asset Management Inc boosted its position in American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after purchasing an additional 981 shares in the last quarter. Hedge funds and other institutional investors 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.