American Airlines Group (NASDAQ:AAL) Upgraded by Jefferies Financial Group to “Buy” Rating

Jefferies Financial Group upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat Ratings reports. They currently have $20.00 price target on the airline’s stock, up from their prior price target of $12.00.

A number of other equities research analysts have also issued reports on AAL. Susquehanna upped their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, TD Cowen raised their price target on shares of American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.10.

American Airlines Group Stock Down 0.5 %

Shares of AAL stock opened at $17.60 on Monday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The business has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $12.63. The stock has a market cap of $11.57 billion, a P/E ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that American Airlines Group will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in American Airlines Group during the second quarter valued at approximately $36,000. Point72 Hong Kong Ltd bought a new position in American Airlines Group during the third quarter worth $55,000. KBC Group NV lifted its position in shares of American Airlines Group by 55.8% in the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after buying an additional 2,204 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in American Airlines Group by 44.3% in the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after acquiring an additional 3,047 shares during the period. 52.44% of the stock is owned by hedge funds and other 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.