American Airlines Group (NASDAQ:AAL) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of American Airlines Group (NASDAQ:AAL) from an underweight rating to an equal weight rating in a research note released on Thursday, MarketBeat Ratings reports. Barclays currently has $16.00 target price on the airline’s stock, up from their prior target price of $10.00.

A number of other research firms have also recently weighed in on AAL. Evercore ISI increased their price target on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. raised their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Finally, Susquehanna lifted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Stock Down 0.2 %

AAL stock traded down $0.03 during midday trading on Thursday, reaching $14.23. The stock had a trading volume of 7,632,302 shares, compared to its average volume of 34,244,086. The business has a fifty day simple moving average of $12.14 and a two-hundred day simple moving average of $11.76. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 0.25 and a beta of 1.39. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities analysts predict that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its stake in American Airlines Group by 7.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,716 shares of the airline’s stock valued at $379,000 after acquiring an additional 2,278 shares in the last quarter. Centiva Capital LP boosted its holdings in American Airlines Group by 199.9% in the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after purchasing an additional 99,513 shares in the last quarter. Coastwise Capital Group LLC grew its stake in American Airlines Group by 5.3% during the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock worth $425,000 after buying an additional 1,900 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in American Airlines Group in the 3rd quarter valued at $128,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of American Airlines Group in the third quarter valued at about $1,714,000. 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.