American Airlines Group (NASDAQ:AAL) Upgraded by Redburn Partners to Buy Rating

American Airlines Group (NASDAQ:AAL - Get Free Report) was upgraded by stock analysts at Redburn Partners from a "neutral" rating to a "buy" rating in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has a $24.00 target price on the airline's stock. Redburn Partners' price target indicates a potential upside of 67.19% from the company's current price.

Several other research firms have also issued reports on AAL. TD Cowen raised shares of American Airlines Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $17.00 to $25.00 in a research report on Monday, January 6th. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. The Goldman Sachs Group reissued a "neutral" rating and issued a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. StockNews.com raised shares of American Airlines Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th. Finally, Citigroup raised their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of $19.40.

American Airlines Group Stock Performance

Shares of AAL traded down $0.18 during trading hours on Wednesday, reaching $14.36. 49,703,048 shares of the company traded hands, compared to its average volume of 34,488,664. The stock's fifty day moving average is $16.94 and its 200 day moving average is $14.27. The stock has a market cap of $9.44 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, equities research analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction that occurred on 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 directly owns 2,967,984 shares of the company's stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Voloridge Investment Management LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at $60,190,000. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after buying an additional 2,886,041 shares during the period. Two Sigma Advisers LP acquired a new position in shares of American Airlines Group in the 4th quarter valued at $42,693,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of American Airlines Group in the 4th quarter valued at $40,333,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of American Airlines Group in the 4th quarter valued at $35,141,000. 52.44% of the stock is owned by institutional investors.

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.