American Airlines Group (NASDAQ:AAL) Upgraded by TD Cowen to “Buy” Rating

American Airlines Group (NASDAQ:AAL) was upgraded by research analysts at TD Cowen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday,Finviz reports. The brokerage presently has a $25.00 price target on the airline’s stock, up from their previous price target of $17.00. TD Cowen’s price objective suggests a potential upside of 47.32% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AAL. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research 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. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Evercore ISI raised their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.68.

American Airlines Group Stock Down 0.2 %

Shares of NASDAQ:AAL opened at $16.97 on Monday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The company has a market cap of $11.15 billion, a PE ratio of 51.43, a P/E/G ratio of 0.29 and a beta of 1.41. The company’s 50-day moving average price is $15.46 and its 200 day moving average price is $12.53.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share 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 net margin of 0.51% and a negative return on equity of 18.62%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. As a group, equities analysts anticipate that American Airlines Group will post 1.62 EPS for the current year.

Insider Transactions at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently added to or reduced their stakes in AAL. 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 acquiring an additional 911 shares during the period. Sentry Investment Management LLC bought a new position in American Airlines Group in the 2nd quarter worth about $36,000. Point72 Hong Kong Ltd purchased a new position in American Airlines Group during the 3rd quarter valued at about $55,000. KBC Group NV increased its position in shares of American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after buying an additional 2,204 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of American Airlines Group by 44.3% in the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock worth $112,000 after buying an additional 3,047 shares in the last quarter. Institutional investors and hedge funds 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.