American Airlines Group (NASDAQ:AAL) Upgraded at TD Cowen

TD Cowen upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a buy rating in a report issued on Monday morning, MarketBeat reports. They currently have $25.00 price objective on the airline’s stock, up from their prior price objective of $17.00.

A number of other analysts have also recently weighed in on the company. Barclays increased their price target on 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. Evercore ISI increased their target price on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.10.

American Airlines Group Price Performance

American Airlines Group stock opened at $17.60 on Monday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20. The company has a fifty day moving average price of $15.62 and a two-hundred day moving average price of $12.63. 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 posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Equities research analysts anticipate that American Airlines Group will post 1.62 earnings per share for the current year.

Insider Transactions at American Airlines Group

In related 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 transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the period. Sunbelt Securities Inc. boosted its stake in American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after purchasing an additional 1,126 shares during the period. American Century Companies Inc. grew its position in American Airlines Group by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock worth $614,000 after purchasing an additional 1,468 shares in the last quarter. Coastwise Capital Group LLC raised its stake in American Airlines Group by 5.3% during the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock valued at $425,000 after purchasing an additional 1,900 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of American Airlines Group by 20.2% in the third quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after purchasing an additional 2,128 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.