American Airlines Group (NASDAQ:AAL) Upgraded by Raymond James to Outperform Rating

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, Marketbeat reports. The brokerage currently has $24.00 target price on the airline’s stock.

AAL has been the subject of a number of other research reports. Jefferies Financial Group lifted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Bank of America lifted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Barclays boosted their price target on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.44.

American Airlines Group Price Performance

AAL opened at $17.62 on Monday. The business has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $12.37. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20. The stock has a market capitalization of $11.58 billion, a P/E ratio of 53.40, a P/E/G ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.38 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that American Airlines Group will post 1.62 EPS for the current year.

Insider Activity at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction on Friday, December 27th. The shares were 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 owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

A number of hedge funds have recently made changes to their positions in the stock. Austin Private Wealth LLC acquired a new position in American Airlines Group in the third quarter worth about $723,000. Maverick Capital Ltd. grew its position in shares of American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after acquiring an additional 94,573 shares in the last quarter. Sei Investments Co. grew its position in shares of American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after acquiring an additional 153,515 shares in the last quarter. U S Global Investors Inc. increased its holdings in shares of American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after acquiring an additional 508,119 shares during the last quarter. Finally, Centiva Capital LP raised its position in shares of American Airlines Group by 199.9% during the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after acquiring an additional 99,513 shares in the last quarter. 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.