American Airlines Group (NASDAQ:AAL) Raised to Buy at TD Cowen

American Airlines Group (NASDAQ:AAL) was upgraded by research analysts at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat.com reports. The firm currently has a $25.00 price objective on the airline’s stock, up from their prior price objective of $17.00. TD Cowen’s price target indicates a potential upside of 41.32% from the company’s previous close.

Other research analysts have also issued reports about the stock. Barclays upped their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, December 5th. Citigroup raised their price target on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.10.

American Airlines Group Price Performance

NASDAQ AAL opened at $17.69 on Monday. The company’s 50 day simple moving average is $15.54 and its two-hundred day simple moving average is $12.58. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $18.20. The stock has a market capitalization of $11.62 billion, a PE ratio of 53.61, a P/E/G ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, research analysts anticipate that American Airlines Group will post 1.62 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred 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. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of American Airlines Group in the second quarter worth approximately $36,000. Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group in the third quarter worth $55,000. KBC Group NV raised its position in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of American Airlines Group by 44.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after buying an additional 3,047 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

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.