American Airlines Group (NASDAQ:AAL) Hits New 12-Month Low After Analyst Downgrade

American Airlines Group Inc. (NASDAQ:AAL)’s share price hit a new 52-week low on Thursday after Barclays lowered their price target on the stock from $14.00 to $10.00. Barclays currently has an underweight rating on the stock. American Airlines Group traded as low as $10.34 and last traded at $10.51, with a volume of 20840273 shares traded. The stock had previously closed at $11.15.

Other equities analysts also recently issued research reports about the stock. UBS Group started coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective for the company. Bank of America dropped their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Morgan Stanley dropped their price objective on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. TD Cowen dropped their price objective on shares of American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, Sanford C. Bernstein upped their price target on shares of American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.28.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after purchasing an additional 667,660 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after purchasing an additional 2,001,247 shares in the last quarter. Par Capital Management Inc. lifted its position in shares of American Airlines Group by 0.4% during the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after purchasing an additional 10,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock valued at $29,593,000 after purchasing an additional 82,537 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of American Airlines Group by 7,871.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after purchasing an additional 1,739,977 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Down 5.7 %

The business’s 50-day moving average is $12.44 and its two-hundred day moving average is $13.66. The company has a market capitalization of $6.90 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.20 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. Analysts predict that American Airlines Group Inc. will post 1.99 EPS for the current year.

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.