American Airlines Group (NASDAQ:AAL) Shares Gap Down to $13.62

Shares of American Airlines Group Inc. (NASDAQ:AAL) gapped down before the market opened on Friday . The stock had previously closed at $13.62, but opened at $13.24. American Airlines Group shares last traded at $13.24, with a volume of 3,423,524 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Monday, January 22nd. Morgan Stanley restated an “overweight” rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Tuesday, March 5th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. UBS Group began coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price for the company. Finally, TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.53.

American Airlines Group Trading Down 3.5 %

The firm has a 50-day moving average of $14.64 and a two-hundred day moving average of $13.55. The firm has a market capitalization of $8.61 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AAL. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $27,000. Gables Capital Management Inc. grew its holdings in American Airlines Group by 100.0% during the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. RVW Wealth LLC bought a new stake in American Airlines Group during the 3rd quarter worth approximately $27,000. Quarry LP bought a new position in shares of American Airlines Group during the fourth quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of American Airlines Group during the third quarter worth $33,000. 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.