American Airlines Group (NASDAQ:AAL) Sets New 12-Month Low After Analyst Downgrade

American Airlines Group Inc. (NASDAQ:AAL) shares hit a new 52-week low during mid-day trading on Thursday after Barclays lowered their price target on the stock from $14.00 to $10.00. Barclays currently has an underweight rating on the stock. American Airlines Group traded as low as $10.34 and last traded at $10.51, with a volume of 20840273 shares changing hands. The stock had previously closed at $11.15.

Several other research analysts also recently commented on AAL. TD Cowen dropped their price target on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Bank of America dropped their price objective on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. JPMorgan Chase & Co. cut their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Sanford C. Bernstein boosted their target price on shares of American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Susquehanna reduced their target price on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.28.

Institutional Trading of American Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group in the fourth quarter valued at $27,000. Beaird Harris Wealth Management LLC raised its position in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares in the last quarter. GoalVest Advisory LLC acquired a new position in American Airlines Group during the first quarter worth $38,000. Quarry LP purchased a new position in American Airlines Group during the fourth quarter valued at approximately $34,000. Finally, GAMMA Investing LLC purchased a new stake in American Airlines Group during the 4th quarter valued at about $38,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

The firm has a market capitalization of $7.01 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. The business’s fifty day simple moving average is $12.32 and its 200-day simple moving average is $13.62.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. American Airlines Group’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Sell-side analysts expect that American Airlines Group Inc. will post 1.98 earnings per share for the current fiscal year.

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.