American Airlines Group (NASDAQ:AAL) Shares Gap Down - Should You Sell?

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $10.90, but opened at $10.32. American Airlines Group shares last traded at $10.35, with a volume of 15,939,401 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and increased their price target for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Citigroup reduced their price objective on 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. TD Cowen upped their target price on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Finally, Wall Street Zen lowered American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.68.

American Airlines Group Price Performance

The business's 50 day moving average price is $10.73 and its 200 day moving average price is $13.67. The firm has a market cap of $6.84 billion, a PE ratio of 9.10, a PEG ratio of 0.21 and a beta of 1.39.

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, beating analysts' consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The business's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. As a group, analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

A number of large investors have recently modified their holdings of the business. Zacks Investment Management acquired a new position in American Airlines Group during the fourth quarter worth about $4,409,000. Raymond James Financial Inc. purchased a new position in American Airlines Group in the 4th quarter worth approximately $3,858,000. Amundi boosted its holdings in shares of American Airlines Group by 31,647.8% during the 4th quarter. Amundi now owns 426,691 shares of the airline's stock worth $7,510,000 after purchasing an additional 425,347 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of American Airlines Group by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline's stock valued at $897,000 after purchasing an additional 5,152 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in American Airlines Group during the fourth quarter worth approximately $231,000. 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.