American Airlines Group (NASDAQ:AAL) Price Target Cut to $16.00 by Analysts at Bank of America

American Airlines Group (NASDAQ:AAL) had its price target cut by Bank of America from $20.00 to $16.00 in a report released on Wednesday, Marketbeat.com reports. They currently have a neutral rating on the airline’s stock.

AAL has been the subject of a number of other reports. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $20.00 in a report on Monday, January 6th. Barclays boosted their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Evercore ISI boosted their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Finally, Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.32.

American Airlines Group Trading Down 4.6 %

Shares of NASDAQ:AAL opened at $10.93 on Wednesday. The company has a 50 day moving average of $16.20 and a 200 day moving average of $14.42. The stock has a market cap of $7.19 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly 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 net margin of 1.56% and a negative return on equity of 28.56%. On average, equities analysts forecast that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

A number of large investors have recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new stake in American Airlines Group in the fourth quarter worth approximately $25,000. Brooklyn Investment Group boosted its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the last quarter. Elequin Capital LP grew its holdings in shares of American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after acquiring an additional 1,182 shares during the period. Bfsg LLC increased its position in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in American Airlines Group in the fourth quarter worth about $42,000. 52.44% of the stock is currently owned by institutional investors.

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.