American Airlines Group (NASDAQ:AAL) Price Target Raised to $12.00 at Bank of America

American Airlines Group (NASDAQ:AAL - Free Report) had its price objective raised by Bank of America from $10.00 to $12.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the airline's stock.

Several other brokerages also recently commented on AAL. Raymond James Financial reduced their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price target (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Sanford C. Bernstein upped their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays cut their price objective on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.68.

American Airlines Group Stock Performance

Shares of AAL stock traded up $0.06 on Tuesday, hitting $11.69. The company had a trading volume of 30,316,593 shares, compared to its average volume of 43,126,960. The stock's 50-day moving average is $11.12 and its two-hundred day moving average is $13.18. The firm has a market cap of $7.71 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.61 and a beta of 1.36. American Airlines Group has a twelve month low of $8.50 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The firm had revenue of $12.55 billion during the quarter, compared to analyst estimates of $12.71 billion. During the same quarter last year, the business earned ($0.34) EPS. The company's revenue was down .2% compared to the same quarter last year. Equities research analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Institutional Trading of American Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Elequin Capital LP increased its stake in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after buying an additional 1,182 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after acquiring an additional 2,600 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of American Airlines Group during the first quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its position in shares of American Airlines Group by 58.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline's stock valued at $30,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in American Airlines Group by 121.4% during the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock worth $33,000 after acquiring an additional 1,709 shares during the period. Hedge funds and other institutional investors 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.