Bank of America Issues Positive Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

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

AAL has been the subject of several other reports. Susquehanna decreased their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Jefferies Financial Group restated a "hold" rating and set a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. Barclays reduced their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.68.

American Airlines Group Trading Up 1.0%

Shares of NASDAQ:AAL traded up $0.11 during mid-day trading on Tuesday, hitting $11.63. 41,639,279 shares of the company traded hands, compared to its average volume of 53,970,637. The stock has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $13.23. American Airlines Group has a 12-month low of $8.50 and a 12-month high of $19.10. The stock has a market cap of $7.67 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.26 and a beta of 1.36.

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 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 business had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same period in the previous year, the company earned ($0.34) earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

A number of large investors have recently modified their holdings of AAL. Geneos Wealth Management Inc. increased its holdings in American Airlines Group by 11.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline's stock worth $101,000 after acquiring an additional 969 shares during the period. Woodline Partners LP purchased a new position in shares of American Airlines Group during the 1st quarter valued at $8,227,000. Teza Capital Management LLC increased its holdings in shares of American Airlines Group by 602.6% in the first quarter. Teza Capital Management LLC now owns 75,454 shares of the airline's stock worth $796,000 after purchasing an additional 64,715 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of American Airlines Group by 93.0% in the first quarter. Polar Asset Management Partners Inc. now owns 887,038 shares of the airline's stock worth $9,358,000 after buying an additional 427,516 shares in the last quarter. Finally, Nearwater Capital Markets Ltd purchased a new stake in shares of American Airlines Group in the first quarter worth $29,012,000. 52.44% of the stock is currently 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.