American Airlines Group (NASDAQ:AAL) Rating Increased to Buy at Bank of America

American Airlines Group (NASDAQ:AAL) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “buy” rating in a note issued to investors on Tuesday, January 9th, Marketbeat reports. The brokerage presently has a $64.00 price target on the airline’s stock. Bank of America’s price objective points to a potential upside of 10.04% from the stock’s current price.

Several other analysts also recently issued reports on AAL. BidaskClub downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Morgan Stanley reiterated an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. JPMorgan Chase & Co. upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Wednesday, November 1st. Finally, Buckingham Research reiterated a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. American Airlines Group presently has a consensus rating of “Buy” and a consensus target price of $60.35.

Shares of American Airlines Group (NASDAQ:AAL) opened at $58.16 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. The stock has a market capitalization of $27,830.00, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 5.25 and a beta of 0.99. American Airlines Group has a 52 week low of $39.21 and a 52 week high of $59.08.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same quarter in the previous year, the company posted $2.80 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. sell-side analysts anticipate that American Airlines Group will post 4.8 earnings per share for the current fiscal year.

In related news, CEO W Douglas Parker sold 224,572 shares of American Airlines Group stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the transaction, the chief executive officer now directly owns 1,925,242 shares in the company, valued at approximately $100,728,661.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of AAL. Boston Partners acquired a new stake in shares of American Airlines Group in the third quarter worth $113,633,000. Cyrus Capital Partners L.P. acquired a new stake in shares of American Airlines Group in the second quarter worth $75,480,000. Parametric Portfolio Associates LLC boosted its position in shares of American Airlines Group by 111.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock worth $67,237,000 after buying an additional 703,617 shares during the period. AJO LP boosted its position in shares of American Airlines Group by 193.2% in the second quarter. AJO LP now owns 952,263 shares of the airline’s stock worth $47,918,000 after buying an additional 627,426 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of American Airlines Group by 162.3% in the third quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock worth $43,332,000 after buying an additional 564,627 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

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About American Airlines Group

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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