UBS Group Issues Pessimistic Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price objective lowered by UBS Group from $13.00 to $9.00 in a report released on Monday,Benzinga reports. The firm currently has a neutral rating on the airline’s stock.

A number of other analysts have also recently commented on the stock. TD Cowen upped their price target on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. Bank of America dropped their price objective on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.55.

American Airlines Group Trading Up 2.6 %

NASDAQ AAL opened at $9.71 on Monday. The firm has a market capitalization of $6.39 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The business’s 50-day moving average price is $13.70 and its two-hundred day moving average price is $14.46. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10.

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

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction 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 $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Institutional Trading of American Airlines Group

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of American Airlines Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock worth $1,097,838,000 after acquiring an additional 953,766 shares during the period. Primecap Management Co. CA boosted its position in American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Northern Trust Corp increased its stake in shares of American Airlines Group by 22.0% in the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock worth $94,783,000 after purchasing an additional 980,409 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Airlines Group by 21.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock valued at $92,043,000 after purchasing an additional 943,336 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $60,190,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.