TD Cowen Upgrades American Airlines Group (NASDAQ:AAL) to “Buy”

TD Cowen upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat reports. TD Cowen currently has $25.00 price target on the airline’s stock, up from their previous price target of $17.00.

Several other research analysts have also commented on the stock. Bank of America increased 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. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Evercore ISI boosted their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $20.00 in a report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.68.

American Airlines Group Trading Up 3.2 %

Shares of NASDAQ:AAL opened at $17.52 on Monday. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 53.09, a P/E/G ratio of 0.29 and a beta of 1.35. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $18.20. The business has a fifty day simple moving average of $15.54 and a 200 day simple moving average of $12.58.

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

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the 3rd 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 last quarter. Sunbelt Securities Inc. lifted its stake in American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after buying an additional 1,126 shares in the last quarter. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 1,468 shares during the period. Coastwise Capital Group LLC lifted its stake in American Airlines Group by 5.3% in the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock valued at $425,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in American Airlines Group by 20.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after buying an additional 2,128 shares during the last quarter. 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.