American Airlines Group Inc. (NASDAQ:AAL) had its price objective reduced by Stifel Nicolaus from $50.00 to $45.00 in a report issued on Wednesday morning. Stifel Nicolaus currently has a buy rating on the airline’s stock.

A number of other research analysts have also weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of American Airlines Group in a research report on Monday. They set an underperform rating and a $31.00 target price for the company. Vetr lowered shares of American Airlines Group from a buy rating to a hold rating and set a $39.50 target price for the company. in a research report on Thursday, October 6th. Raymond James Financial Inc. lowered shares of American Airlines Group from an outperform rating to a market perform rating in a research report on Wednesday, September 21st. Credit Suisse Group AG reissued a sell rating and set a $34.00 target price on shares of American Airlines Group in a research report on Tuesday, September 13th. Finally, Cowen and Company reissued an outperform rating and set a $43.00 target price on shares of American Airlines Group in a research report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. American Airlines Group presently has a consensus rating of Hold and a consensus price target of $42.00.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

American Airlines Group (NASDAQ:AAL) opened at 37.10 on Wednesday. The company has a 50-day moving average price of $36.81 and a 200-day moving average price of $34.94. The firm has a market capitalization of $19.66 billion, a P/E ratio of 3.50 and a beta of 0.97. American Airlines Group has a 1-year low of $24.85 and a 1-year high of $47.09.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, July 22nd. The airline reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. The firm earned $10.40 billion during the quarter, compared to analysts’ expectations of $10.27 billion. American Airlines Group had a net margin of 16.50% and a return on equity of 107.21%. American Airlines Group’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.62 earnings per share. On average, equities research analysts predict that American Airlines Group will post $5.44 earnings per share for the current fiscal year.

In other news, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $37.50, for a total transaction of $750,000.00. Following the sale, the executive vice president now directly owns 268,604 shares of the company’s stock, valued at $10,072,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total transaction of $363,400.00. Following the sale, the executive vice president now directly owns 196,907 shares in the company, valued at $7,155,600.38. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC bought a new stake in American Airlines Group during the second quarter valued at approximately $108,000. Westbourne Investment Advisors Inc. bought a new stake in American Airlines Group during the second quarter valued at approximately $115,000. Checchi Capital Advisers LLC boosted its stake in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares during the period. Evercore Wealth Management LLC boosted its stake in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock valued at $130,000 after buying an additional 1,727 shares during the period. Finally, Zions Bancorporation boosted its stake in American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock valued at $165,000 after buying an additional 3,932 shares during the period. 74.62% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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