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

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

AAL has been the subject of several other research reports. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Morgan Stanley increased their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Raymond James raised shares of 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, Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $12.00 to $20.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.42.

American Airlines Group Stock Performance

Shares of AAL opened at $18.07 on Monday. The firm has a 50 day moving average price of $16.15 and a 200-day moving average price of $12.90. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 54.76, a PEG ratio of 0.29 and a beta of 1.35. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.56.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, equities research analysts predict that American Airlines Group will post 1.62 earnings per share for the current year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Austin Private Wealth LLC purchased a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $723,000. Maverick Capital Ltd. boosted its stake in American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after purchasing an additional 94,573 shares in the last quarter. Sei Investments Co. lifted its position in American Airlines Group by 14.7% during the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after acquiring an additional 153,515 shares during the period. U S Global Investors Inc. raised its position in American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in American Airlines Group by 199.9% in the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after purchasing an additional 99,513 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

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.