American Airlines Group (NASDAQ:AAL) Given New $14.00 Price Target at Raymond James

American Airlines Group (NASDAQ:AAL) had its target price cut by Raymond James from $15.00 to $14.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the airline’s stock.

A number of other brokerages also recently weighed in on AAL. Susquehanna dropped their target price on American Airlines Group from $18.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Bank of America decreased their target price on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, February 26th. Evercore ISI boosted their target price on American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. Finally, StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.25.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $9.75 on Friday. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group has a 1-year low of $8.50 and a 1-year high of $19.10. The company has a 50 day moving average price of $11.47 and a 200 day moving average price of $14.22.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, sell-side analysts expect that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Activity at American Airlines Group

In related 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 value of $890,187.90. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. raised its position in American Airlines Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock worth $257,000 after purchasing an additional 635 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock worth $2,332,000 after purchasing an additional 774 shares during the last quarter. M&T Bank Corp lifted its position in shares of American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after purchasing an additional 794 shares during the period. Brooklyn Investment Group boosted its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock worth $348,000 after buying an additional 981 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

About American Airlines Group

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.