American Airlines Group’s (AAL) “Outperform” Rating Reiterated at Raymond James

Raymond James restated their outperform rating on shares of American Airlines Group (NASDAQ:AAL) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $23.00 target price on the airline’s stock, down from their prior target price of $24.00.

Several other research firms have also recently weighed in on AAL. StockNews.com downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Citigroup increased their target price on American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $18.99.

American Airlines Group Trading Down 0.4 %

AAL stock opened at $16.96 on Friday. The stock has a market cap of $11.14 billion, a P/E ratio of 51.40, a P/E/G ratio of 0.97 and a beta of 1.35. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10. The stock’s fifty day simple moving average is $16.71 and its two-hundred day simple moving average is $13.26.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. As a group, analysts forecast that American Airlines Group will post 1.73 earnings per share for the current fiscal year.

Insider Activity at American Airlines Group

In other 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 transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds have recently modified their holdings of the business. Brooklyn Investment Group boosted its holdings in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the period. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 911 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group during the third quarter worth about $55,000. KBC Group NV raised its stake in American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in American Airlines Group in the 4th quarter worth approximately $98,000. Institutional investors own 52.44% of the company’s stock.

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.