Barclays Upgrades American Airlines Group (NASDAQ:AAL) to “Equal Weight”

Barclays upgraded shares of American Airlines Group (NASDAQ:AAL) from an underweight rating to an equal weight rating in a report released on Thursday morning, MarketBeat Ratings reports. The firm currently has $16.00 price objective on the airline’s stock, up from their prior price objective of $10.00.

A number of other brokerages have also recently weighed in on AAL. Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Evercore dropped their target price on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Evercore ISI raised their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Finally, TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group currently has an average rating of “Hold” and an average price target of $13.96.

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $14.39 on Thursday. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 0.25 and a beta of 1.39. The business has a 50-day moving average of $12.28 and a 200-day moving average of $11.78. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Research analysts expect that American Airlines Group will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Beaird Harris Wealth Management LLC raised its holdings in 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 worth $36,000 after acquiring an additional 795 shares during the period. Blue Trust Inc. boosted its stake in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. increased its stake in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the period. Sentry Investment Management LLC acquired a new stake in American Airlines Group in the 2nd quarter valued at $36,000. Finally, ORG Partners LLC bought a new stake in shares of American Airlines Group in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.