American Airlines Group (NASDAQ:AAL) Sets New 1-Year High on Analyst Upgrade

American Airlines Group Inc. (NASDAQ:AAL)’s stock price hit a new 52-week high on Friday after Evercore ISI raised their price target on the stock to $18.00. Evercore ISI currently has a hold rating on the stock. American Airlines Group traded as high as $18.36 and last traded at $18.36, with a volume of 3156003 shares changing hands. The stock had previously closed at $17.60.

Several other brokerages also recently issued reports on AAL. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays upped their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $25.00 in a research report on Monday. Finally, Citigroup upped their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

Insider Buying and Selling

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Trading of American Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAL. TD Asset Management Inc grew its position in shares of American Airlines Group by 149.8% during the second quarter. TD Asset Management Inc now owns 315,006 shares of the airline’s stock valued at $3,569,000 after purchasing an additional 188,900 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $145,000. Quest Partners LLC boosted its position 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 acquiring an additional 17,174 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of American Airlines Group by 22.5% in the second quarter. Daiwa Securities Group Inc. now owns 26,381 shares of the airline’s stock valued at $299,000 after purchasing an additional 4,850 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in American Airlines Group by 37.5% in the second quarter. Headlands Technologies LLC now owns 37,359 shares of the airline’s stock worth $423,000 after purchasing an additional 10,180 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 2.6 %

The stock’s 50 day moving average is $15.78 and its 200-day moving average is $12.70. The company has a market cap of $11.86 billion, a PE ratio of 54.70, a P/E/G ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last announced its earnings results 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 firm had revenue of $13.65 billion for 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 business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. On average, analysts anticipate that American Airlines Group Inc. will post 1.62 EPS for the current fiscal year.

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.