Redburn Atlantic Upgrades American Airlines Group (NASDAQ:AAL) to “Buy”

Redburn Atlantic upgraded shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has $24.00 target price on the airline’s stock, up from their previous target price of $18.00.

AAL has been the subject of a number of other research reports. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, January 6th. StockNews.com raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Finally, Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.40.

American Airlines Group Stock Up 0.3 %

Shares of American Airlines Group stock opened at $15.18 on Wednesday. The stock has a market capitalization of $9.98 billion, a P/E ratio of 13.32, a PEG ratio of 0.21 and a beta of 1.35. The stock has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $14.20. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Sell-side analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Trading of American Airlines Group

Several large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of American Airlines Group during the fourth quarter worth approximately $25,000. Brooklyn Investment Group raised its holdings in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. raised its holdings in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. Elequin Capital LP raised its holdings in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after purchasing an additional 1,182 shares during the period. Finally, Bfsg LLC raised its holdings in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the period. 52.44% of the stock is owned by institutional investors.

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.