American Airlines Group, Inc. (NASDAQ:AAL) had its target price cut by equities research analysts at Morgan Stanley from $54.00 to $52.00 in a research note issued on Thursday. The brokerage currently has an “equal weight” rating on the airline’s stock. Morgan Stanley’s target price indicates a potential upside of 7.42% from the stock’s previous close.

A number of other research firms also recently weighed in on AAL. J P Morgan Chase & Co downgraded American Airlines Group from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $59.00 to $52.00 in a report on Thursday, April 27th. Barclays PLC reissued a “hold” rating and issued a $58.00 price target on shares of American Airlines Group in a research report on Friday, April 28th. Buckingham Research reaffirmed a “buy” rating and issued a $70.00 price objective (up from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. ValuEngine raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.45.

Shares of American Airlines Group (NASDAQ:AAL) traded down 1.36% during trading on Thursday, reaching $47.75. The company’s stock had a trading volume of 1,025,083 shares. The stock’s 50 day moving average price is $51.01 and its 200 day moving average price is $46.88. American Airlines Group has a 52 week low of $33.90 and a 52 week high of $54.48. The company has a market cap of $23.25 billion, a PE ratio of 11.85 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same period last year, the business posted $1.77 earnings per share. American Airlines Group’s revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that American Airlines Group will post $5.12 EPS for the current year.

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In other news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the sale, the executive vice president now directly owns 161,476 shares in the company, valued at $7,746,003.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Elise R. Eberwein sold 33,400 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.74, for a total value of $1,661,316.00. Following the completion of the sale, the executive vice president now owns 362,368 shares of the company’s stock, valued at $18,024,184.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,623 shares of company stock valued at $9,869,666. Company insiders own 0.64% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Wetherby Asset Management Inc. boosted its stake in American Airlines Group by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock valued at $250,000 after buying an additional 47 shares during the last quarter. Westside Investment Management Inc. boosted its stake in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares during the last quarter. First Manhattan Co. boosted its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC boosted its stake in American Airlines Group by 0.5% in the second quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock valued at $1,071,000 after buying an additional 97 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in American Airlines Group by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock valued at $1,090,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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