American Airlines Group (NASDAQ:AAL) Stock Rating Upgraded by StockNews.com

American Airlines Group (NASDAQ:AAL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other equities research analysts also recently issued reports on the company. Citigroup increased their price target on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Morgan Stanley increased their price objective 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. Finally, Barclays raised their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and an average target price of $18.42.

American Airlines Group Price Performance

American Airlines Group stock opened at $18.21 on Monday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.45. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 0.29 and a beta of 1.35. The company’s 50 day simple moving average is $16.07 and its 200 day simple moving average is $12.86.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period last year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts predict that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’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 sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently bought and sold shares of AAL. Blue Trust Inc. raised its stake 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 buying an additional 911 shares during the period. Point72 Hong Kong Ltd bought a new stake in American Airlines Group in the 3rd quarter valued at $55,000. KBC Group NV raised its stake in American Airlines Group by 55.8% in the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after acquiring an additional 2,204 shares during the period. GAMMA Investing LLC lifted its holdings in American Airlines Group by 44.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after purchasing an additional 3,047 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in American Airlines Group during the third quarter worth $114,000. 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.