Bank of America Cuts American Airlines Group (NASDAQ:AAL) Price Target to $12.00

American Airlines Group (NASDAQ:AAL) had its price target cut by Bank of America from $16.00 to $12.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the airline’s stock.

Other equities analysts have also recently issued research reports about the company. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, January 6th. Morgan Stanley raised their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Raymond James decreased their price target on shares of American Airlines Group from $23.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.30.

American Airlines Group Price Performance

NASDAQ AAL opened at $9.42 on Thursday. The business has a fifty day moving average price of $13.85 and a two-hundred day moving average price of $14.44. The stock has a market capitalization of $6.19 billion, a PE ratio of 8.26, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, sell-side analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Transactions at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new stake in American Airlines Group in the 4th quarter valued at $25,000. Brooklyn Investment Group raised its holdings in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the last quarter. Elequin Capital LP lifted its position in shares of American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after purchasing an additional 1,182 shares in the last quarter. Bfsg LLC boosted its holdings in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in American Airlines Group in the 4th quarter worth about $42,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.