Raymond James reaffirmed their outperform rating on shares of American Airlines Group (NASDAQ:AAL – Free Report) in a research report released on Friday,Benzinga reports. They currently have a $23.00 price target on the airline’s stock, down from their prior price target of $24.00.
Several other equities analysts also recently commented on the company. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Morgan Stanley raised 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 note on Wednesday, December 11th. Citigroup lifted their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays upped their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.99.
View Our Latest Stock Report on American Airlines Group
American Airlines Group Trading Down 0.4 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that American Airlines Group will post 1.73 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s 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 approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Institutional Trading of American Airlines Group
A number of institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group grew its position in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the last quarter. Blue Trust Inc. raised its holdings 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 buying an additional 911 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of American Airlines Group during the third quarter worth $55,000. Heck Capital Advisors LLC purchased a new stake in shares of American Airlines Group during the fourth quarter valued at $98,000. Finally, KBC Group NV increased 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 valued at $69,000 after acquiring an additional 2,204 shares during the period. Institutional investors and hedge funds 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.
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