American Airlines Group (NASDAQ:AAL) Rating Increased to Neutral at Bank of America

Bank of America upgraded shares of American Airlines Group (NASDAQ:AAL) from an underperform rating to a neutral rating in a report published on Friday morning, Marketbeat Ratings reports. Bank of America currently has $20.00 target price on the airline’s stock, up from their prior target price of $12.00.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. 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 report on Thursday, December 5th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, January 6th. Finally, Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average target price of $18.94.

American Airlines Group Stock Down 0.1 %

NASDAQ AAL opened at $18.27 on Friday. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 55.37, a PEG ratio of 0.21 and a beta of 1.35. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.57. The stock has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $12.99.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) 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 company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Research analysts expect that American Airlines Group will post 1.7 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 stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. grew its position in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the period. Point72 Hong Kong Ltd purchased a new stake in American Airlines Group during the third quarter worth about $55,000. KBC Group NV raised its position in American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after acquiring an additional 2,204 shares during the period. Finally, GAMMA Investing LLC grew its position 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 acquiring an additional 3,047 shares during the period. Hedge funds and other institutional investors 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.