American Airlines Group (NASDAQ:AAL) Upgraded at UBS Group

UBS Group upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on AAL. TD Cowen upped their price target on American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $24.00 in a report on Tuesday. Jefferies Financial Group increased their price objective on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Bank of America increased their price objective 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, Citigroup increased their price objective on American Airlines Group from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.99.

American Airlines Group Stock Down 1.9 %

NASDAQ:AAL opened at $17.24 on Tuesday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20. The business has a 50 day moving average price of $13.95 and a two-hundred day moving average price of $11.93. The company has a market cap of $11.33 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last released 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 negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that American Airlines Group will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings 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 buying an additional 911 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares in the last quarter. ORG Partners LLC acquired a new position in American Airlines Group in the second quarter valued at about $36,000. Sentry Investment Management LLC acquired a new position in American Airlines Group in the second quarter valued at about $36,000. Finally, First Command Advisory Services Inc. acquired a new position in American Airlines Group in the second quarter valued at about $43,000. Institutional investors own 52.44% of the company’s stock.

About American Airlines Group

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.