American Airlines Group (NASDAQ:AAL) Stock Gets Price Target Trim from Freedom Broker

American Airlines Group (NASDAQ:AAL) had its price target decreased by Freedom Broker from $18.00 to $17.00 in a research note released on Wednesday,Benzinga reports. Freedom Broker currently has a buy rating on the airline’s stock.

A number of other equities analysts also recently weighed in on AAL. Morgan Stanley reduced their price target on American Airlines Group from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. Wells Fargo & Company lowered their price objective on shares of American Airlines Group from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Cantor Fitzgerald set a $24.00 price objective on shares of American Airlines Group in a research report on Thursday, July 2nd. Barclays reduced their target price on shares of American Airlines Group from $19.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. Finally, Zacks Research downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, American Airlines Group has an average rating of “Hold” and an average price target of $17.28.

American Airlines Group Stock Performance

NASDAQ AAL opened at $12.60 on Wednesday. The business has a 50 day simple moving average of $12.95 and a 200 day simple moving average of $13.56. American Airlines Group has a 52-week low of $10.09 and a 52-week high of $18.79. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of -17.26 and a beta of 1.37.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 22nd. The airline reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08. American Airlines Group had a negative net margin of 0.79% and a negative return on equity of 9.11%. The firm had revenue of $16.34 billion for the quarter, compared to analyst estimates of $16.21 billion. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. On average, analysts predict that American Airlines Group will post -1.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AAL. Primecap Management Co. CA acquired a new position in American Airlines Group in the 2nd quarter valued at about $1,278,144,000. BlackRock Inc. acquired a new stake in American Airlines Group during the second quarter worth approximately $1,144,739,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Airlines Group during the second quarter worth approximately $119,628,000. Renaissance Technologies LLC boosted its holdings in shares of American Airlines Group by 569.4% during the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after acquiring an additional 8,240,100 shares during the period. Finally, U S Global Investors Inc. boosted its holdings in shares of American Airlines Group by 13.1% during the third quarter. U S Global Investors Inc. now owns 6,787,455 shares of the airline’s stock worth $90,748,000 after acquiring an additional 786,283 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company whose principal subsidiary, American Airlines, provides scheduled passenger air transportation and air cargo services. The company operates a large mainline network under the American Airlines brand and offers regional service through carriers operating as American Eagle. Its services include domestic and international flights, connecting passengers through a network of hubs and focus cities.

American Airlines serves destinations throughout the United States, as well as markets in Canada, Mexico, the Caribbean, Central and South America, Europe, Asia and other international regions.