Price Target Update on American Airlines Group (NASDAQ:AAL)

American Airlines Group (NASDAQ:AAL) : Average target price received by American Airlines Group (NASDAQ:AAL) is $44.1 with an expected standard deviation of $6.59. The most aggressive target on the stock is $50, whereas the most downbeat target is $27. 10 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Bank of America downgrades their rating on the shares of American Airlines Group (NASDAQ:AAL). The current rating of the shares is Underperform. The rating by the firm was issued on June 16, 2016.

American Airlines Group (NASDAQ:AAL): stock turned positive on Thursday. Though the stock opened at $30.25, the bulls momentum made the stock top out at $30.49 level for the day. The stock recorded a low of $29.77 and closed the trading day at $30.33, in the green by 1.47%. The total traded volume for the day was 9,139,949. The stock had closed at $29.89 in the previous days trading.

The company shares have dropped -29.24% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $47.09 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $31.77 and the 200 Day Moving Average price is recorded at $38.16. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of American Airlines Group Inc., Schifter Richard P had purchased shares worth of $96,390 in a transaction dated on June 13, 2016. A total of 3,000 shares were purchased at a price of $32.13 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. (American), US Airways Group, Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Groups principal subsidiary include US Airways, Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAGs primary business activity includes the operation of two network carriers through its principal, wholly-owned mainline operating subsidiaries: American and US Airways. The Companys airlines operate an average of approximately 6,700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth (DFW), Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia.

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