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

American Airlines Group (NASDAQ:AAL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently commented on AAL. 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. Barclays boosted their price objective on 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. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, January 6th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $20.00 in a report on Friday, January 17th. Finally, TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average target price of $18.99.

American Airlines Group Trading Down 0.3 %

AAL opened at $17.15 on Wednesday. The company’s fifty day moving average price is $16.82 and its two-hundred day moving average price is $13.35. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 51.97, a PEG ratio of 0.97 and a beta of 1.35. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. As a group, equities analysts forecast that American Airlines Group will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the 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 sale, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Large investors have recently modified their holdings of the company. Austin Private Wealth LLC bought a new stake in shares of American Airlines Group during the 3rd quarter valued at $723,000. U S Global Investors Inc. grew its holdings in American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares during the period. Centiva Capital LP increased its position in American Airlines Group by 199.9% in the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after buying an additional 99,513 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after buying an additional 1,098,865 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after buying an additional 787,671 shares in the last quarter. 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.