American Airlines Group (NASDAQ:AAL) Upgraded at StockNews.com

StockNews.com upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a buy rating in a research note released on Monday morning.

AAL has been the topic of a number of other research reports. Bank of America lifted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Citigroup increased their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays lifted their price objective on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a report on Monday, December 30th. Finally, Morgan Stanley upped their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

American Airlines Group Stock Down 4.2 %

Shares of NASDAQ:AAL opened at $17.60 on Monday. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 0.29 and a beta of 1.35. The business has a 50 day moving average price of $15.96 and a 200 day moving average price of $12.82. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.45.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Analysts anticipate that American Airlines Group will post 1.62 EPS for the current year.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AAL. Quest Partners LLC grew its position in shares of American Airlines Group by 20,943.9% in the second quarter. Quest Partners LLC now owns 17,256 shares of the airline’s stock valued at $196,000 after purchasing an additional 17,174 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in American Airlines Group by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 26,381 shares of the airline’s stock valued at $299,000 after purchasing an additional 4,850 shares during the period. American Century Companies Inc. grew its holdings in American Airlines Group by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock valued at $614,000 after buying an additional 1,468 shares in the last quarter. Envestnet Asset Management Inc. increased its position in American Airlines Group by 1,432.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after buying an additional 558,384 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of American Airlines Group by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 586,324 shares of the airline’s stock worth $6,643,000 after buying an additional 13,789 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.