American Airlines Group (NASDAQ:AAL) Upgraded by Melius Research to “Strong-Buy” Rating

Melius Research upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other analysts also recently weighed in on AAL. TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $17.00 to $25.00 in a research note on Monday. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $20.00 in a report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. 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. Finally, Susquehanna raised their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have assigned 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $18.10.

American Airlines Group Stock Down 0.5 %

Shares of AAL stock opened at $17.60 on Monday. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 0.29 and a beta of 1.35. The business’s fifty day moving average is $15.62 and its 200 day moving average is $12.63. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20.

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

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of AAL. 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 valued at $29,000 after acquiring an additional 911 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group in the second quarter worth about $36,000. Point72 Hong Kong Ltd bought a new position in American Airlines Group during the third quarter valued at approximately $55,000. KBC Group NV grew its holdings in 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 buying an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in American Airlines Group by 44.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock worth $112,000 after acquiring an additional 3,047 shares during the last quarter. Institutional investors 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.