American Airlines Group (NASDAQ:AAL) Upgraded at Raymond James

Raymond James upgraded shares of American Airlines Group (NASDAQ:AAL) from a market perform rating to an outperform rating in a research note released on Monday morning, MarketBeat reports. They currently have $24.00 price target on the airline’s stock.

Several other equities analysts have also recently commented on the stock. Barclays upped their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, December 5th. Bank of America upped their price target on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

American Airlines Group Stock Down 1.1 %

Shares of AAL stock opened at $17.43 on Monday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20. The business’s 50 day moving average is $15.30 and its two-hundred day moving average is $12.45. The company has a market cap of $11.45 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the prior year, the firm earned $0.38 EPS. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect 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 business’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 value 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 $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares in the last quarter. Sentry Investment Management LLC acquired a new position in American Airlines Group during the 2nd quarter worth $36,000. Point72 Hong Kong Ltd bought a new position in American Airlines Group in the 3rd quarter valued at $55,000. KBC Group NV increased its stake 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 buying an additional 2,204 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of American Airlines Group during the second quarter worth $93,000. 52.44% of the stock is owned by institutional investors and hedge funds.

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.