American Airlines Group (NASDAQ:AAL) Stock Rating Upgraded by Barclays

Barclays upgraded shares of American Airlines Group (NASDAQ:AAL) from an underweight rating to an equal weight rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $16.00 price target on the airline’s stock, up from their previous price target of $10.00.

A number of other brokerages have also recently commented on AAL. Evercore cut their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. TD Cowen upped their target price on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Bank of America lifted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and an average price target of $13.96.

American Airlines Group Trading Up 0.9 %

Shares of AAL opened at $14.39 on Thursday. The stock’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $11.77. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The company has a market capitalization of $9.46 billion, a PE ratio of 43.61, a PEG ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.38 earnings per share. Equities research analysts predict that American Airlines Group will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AAL. Primecap Management Co. CA increased its stake in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of American Airlines Group in the third quarter valued at approximately $16,490,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after acquiring an additional 1,156,540 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after purchasing an additional 1,098,865 shares during the last quarter. Hedge funds and other 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.