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 report published on Thursday, Marketbeat.com reports. Barclays currently has $16.00 price target on the airline’s stock, up from their previous price target of $10.00.

Several other analysts have also issued reports on the stock. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a report on Monday, July 22nd. TD Securities cut their price target on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore reduced their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.96.

American Airlines Group Trading Up 0.9 %

Shares of NASDAQ AAL opened at $14.39 on Thursday. The stock has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $11.77. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company 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 firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts forecast that American Airlines Group will post 1.49 EPS for the current year.

Institutional Trading of American Airlines Group

A number of hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of American Airlines Group during the 3rd quarter valued at about $5,463,000. EP Wealth Advisors LLC grew its position in American Airlines Group by 8.6% during the third quarter. EP Wealth Advisors LLC now owns 28,994 shares of the airline’s stock valued at $326,000 after acquiring an additional 2,286 shares during the last quarter. United Services Automobile Association raised its stake in shares of American Airlines Group by 73.3% during the third quarter. United Services Automobile Association now owns 30,707 shares of the airline’s stock worth $345,000 after acquiring an additional 12,985 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of American Airlines Group by 650.8% during the third quarter. Quantinno Capital Management LP now owns 307,359 shares of the airline’s stock worth $3,455,000 after acquiring an additional 266,424 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of American Airlines Group by 1,035.8% in the 3rd quarter. Quarry LP now owns 12,028 shares of the airline’s stock worth $135,000 after acquiring an additional 10,969 shares during 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.