American Airlines Group (NASDAQ:AAL) Price Target Raised to $12.00 at Barclays

American Airlines Group (NASDAQ:AAL - Free Report) had its target price hoisted by Barclays from $11.00 to $12.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the airline's stock.

A number of other brokerages also recently commented on AAL. Citigroup reduced their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Wall Street Zen downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Bank of America boosted their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Susquehanna cut their price target on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Jefferies Financial Group reaffirmed 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.89.

American Airlines Group Stock Performance

Shares of American Airlines Group stock traded down $0.72 during midday trading on Thursday, hitting $12.22. The company had a trading volume of 83,832,608 shares, compared to its average volume of 44,122,782. The stock has a market capitalization of $8.06 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.71 and a beta of 1.36. The company has a 50 day moving average of $11.31 and a 200 day moving average of $13.01. American Airlines Group has a 52-week low of $8.50 and a 52-week high of $19.10.

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

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Zacks Investment Management purchased a new stake in American Airlines Group during the fourth quarter worth about $4,409,000. Raymond James Financial Inc. purchased a new stake in American Airlines Group during the fourth quarter worth about $3,858,000. Wealth Enhancement Advisory Services LLC boosted its holdings in American Airlines Group by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline's stock worth $897,000 after buying an additional 5,152 shares in the last quarter. Amundi boosted its holdings in American Airlines Group by 31,647.8% during the fourth quarter. Amundi now owns 426,691 shares of the airline's stock worth $7,510,000 after buying an additional 425,347 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in American Airlines Group by 99.5% during the first quarter. Janney Montgomery Scott LLC now owns 32,160 shares of the airline's stock worth $339,000 after buying an additional 16,041 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other 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.