American Airlines Group (NASDAQ:AAL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a buy rating in a report issued on Monday morning.

A number of other brokerages have also recently issued reports on AAL. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $25.00 in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.42.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $17.60 on Monday. The business has a 50-day simple moving average of $15.96 and a 200-day simple moving average of $12.82. American Airlines Group has a one year low of $9.07 and a one year high of $18.45. The company has a market cap of $11.57 billion, a PE ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last released 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. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, sell-side analysts predict that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AAL. Quest Partners LLC raised its holdings in shares of American Airlines Group by 20,943.9% during the 2nd quarter. Quest Partners LLC now owns 17,256 shares of the airline’s stock valued at $196,000 after purchasing an additional 17,174 shares in the last quarter. Daiwa Securities Group Inc. increased its position in American Airlines Group by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 26,381 shares of the airline’s stock worth $299,000 after buying an additional 4,850 shares during the last quarter. American Century Companies Inc. raised its holdings in American Airlines Group by 2.8% during the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock valued at $614,000 after buying an additional 1,468 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after buying an additional 558,384 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of American Airlines Group by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 586,324 shares of the airline’s stock worth $6,643,000 after acquiring an additional 13,789 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.