American Airlines Group (NASDAQ:AAL) Stock Rating Upgraded by TD Cowen

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

Several other equities research analysts have also recently commented on the company. Evercore ISI boosted their price target on 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. Raymond James upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a research note on Monday, December 30th. Barclays lifted their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price target on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.10.

Read Our Latest Research Report on American Airlines Group

American Airlines Group Stock Performance

American Airlines Group stock opened at $17.60 on Monday. The firm’s 50 day moving average price is $15.62 and its two-hundred day moving average price is $12.63. The firm 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 has a twelve month low of $9.07 and a twelve month high of $18.20.

American Airlines Group (NASDAQ:AALGet Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the company earned $0.38 earnings per share. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated 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 directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA lifted its holdings in American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of American Airlines Group in the 3rd quarter worth approximately $16,490,000. Toronto Dominion Bank grew its position in American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after purchasing an additional 1,156,540 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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