Short Term Price Target on American Airlines Group (AAL)

American Airlines Group (NASDAQ:AAL) stock is expected to deviate a maximum of $6.59 from the average target price of $44.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $27.

American Airlines Group Inc. has lost 6.66% in the last five trading days and dropped 11.39% in the last 4 weeks. American Airlines Group Inc. has dropped 28.16% during the last 3-month period . Year-to-Date the stock performance stands at -32.78%. Also, Equity analysts at the Brokerage firm Bank of America downgrades its rating on American Airlines Group (NASDAQ:AAL). The rating major has initiated the coverage with underperform rating on the shares. The rating by the firm was issued on June 16, 2016.

American Airlines Group (NASDAQ:AAL) : The consensus on American Airlines Group (NASDAQ:AAL) based on 12 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on American Airlines Group (NASDAQ:AAL).

American Airlines Group (NASDAQ:AAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.86 and $27.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.31, notching a gain of 2.20% for the day. The total traded volume was 11,148,266 . The stock had closed at $27.70 on the previous day.

In an insider trading activity, Schifter Richard P, director of American Airlines Group Inc., executed a transaction worth $96,390 on June 13, 2016. A total of 3,000 shares were purchased at an average price of $32.13. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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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