American Airlines Group (NASDAQ:AAL) Shares Gap Down to $14.53

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $14.53, but opened at $13.96. American Airlines Group shares last traded at $14.25, with a volume of 8,321,960 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wolfe Research raised American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. Morgan Stanley reissued an "overweight" rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. Barclays raised their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Friday, January 26th. Seaport Res Ptn raised American Airlines Group from a "neutral" rating to a "buy" rating in a research report on Friday, January 26th. Finally, Sanford C. Bernstein lifted their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.53.

American Airlines Group Trading Down 2.1 %

The company has a market cap of $9.32 billion, a PE ratio of 13.10, a P/E/G ratio of 0.12 and a beta of 1.57. The business's 50-day simple moving average is $14.52 and its 200-day simple moving average is $13.60.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm's quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. On average, research analysts predict that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently modified their holdings of the stock. Gables Capital Management Inc. grew its stake in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline's stock worth $26,000 after buying an additional 1,000 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group during the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of American Airlines Group during the 3rd quarter worth approximately $33,000. Quarry LP acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $34,000. Finally, GAMMA Investing LLC acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $38,000. 52.44% of the stock is 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.