Bank of America Issues Pessimistic Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its target price decreased by Bank of America from $20.00 to $16.00 in a report released on Wednesday morning, MarketBeat reports. Bank of America currently has a neutral rating on the airline’s stock.

A number of other equities analysts have also recently commented on AAL. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 5th. TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, February 26th. StockNews.com upgraded American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Citigroup lifted their target price on American Airlines Group to $21.50 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has an average rating of “Moderate Buy” and an average price target of $19.32.

American Airlines Group Trading Down 4.6 %

Shares of AAL opened at $10.93 on Wednesday. The business’s 50 day moving average is $16.20 and its 200 day moving average is $14.42. The company has a market capitalization of $7.19 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) 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%. Equities research analysts predict that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AAL. Voloridge Investment Management LLC acquired a new position in American Airlines Group during the 4th quarter valued at about $60,190,000. Primecap Management Co. CA increased its position in American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Two Sigma Advisers LP acquired a new position in American Airlines Group during the 4th quarter valued at about $42,693,000. Arrowstreet Capital Limited Partnership acquired a new position in American Airlines Group during the 4th quarter valued at about $40,333,000. Finally, Alyeska Investment Group L.P. purchased a new stake in American Airlines Group during the 4th quarter valued at about $35,141,000. 52.44% of the stock is owned by institutional investors and hedge funds.

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.