American Airlines Group’s (AAL) “Outperform” Rating Reiterated at Raymond James

American Airlines Group (NASDAQ:AAL)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Raymond James in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $23.00 price objective on the airline’s stock, down from their previous price objective of $24.00. Raymond James’ price objective would indicate a potential upside of 35.61% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, January 6th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Finally, Citigroup lifted their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.99.

American Airlines Group Trading Down 0.4 %

Shares of NASDAQ AAL opened at $16.96 on Friday. The firm has a market capitalization of $11.14 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The firm’s 50-day moving average is $16.71 and its 200-day moving average is $13.24. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. As a group, equities research analysts anticipate that American Airlines Group will post 1.73 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares in the last quarter. Blue Trust Inc. grew its stake in American Airlines Group by 56.2% during 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 in the last quarter. Point72 Hong Kong Ltd bought a new position in American Airlines Group in the 3rd quarter valued at about $55,000. Heck Capital Advisors LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at approximately $98,000. Finally, KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% during the 3rd 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. 52.44% of the stock is currently owned by institutional investors.

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.