American Airlines Group (NASDAQ:AAL) Stock Rating Upgraded by Bank of America

American Airlines Group (NASDAQ:AAL - Get Free Report) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a $20.00 price objective on the airline's stock, up from their previous price objective of $12.00. Bank of America's price objective suggests a potential upside of 9.47% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. Susquehanna lifted their target price on American Airlines Group from $14.00 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. Scotiabank upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Thursday, December 5th. Melius upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research report on Monday, January 6th. Finally, Morgan Stanley boosted their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.94.

American Airlines Group Trading Down 0.1 %

Shares of American Airlines Group stock traded down $0.02 during trading on Friday, reaching $18.27. The company's stock had a trading volume of 20,422,068 shares, compared to its average volume of 25,878,578. The stock has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $12.99. The stock has a market capitalization of $12.01 billion, a P/E ratio of 55.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. American Airlines Group has a one year low of $9.07 and a one year high of $18.57.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping 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 the consensus estimate of $13.50 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that American Airlines Group will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group boosted its position in 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 acquiring an additional 909 shares during the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 911 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in American Airlines Group by 8.2% during the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline's stock worth $169,000 after purchasing an additional 1,126 shares during the last quarter. American Century Companies Inc. grew its position in American Airlines Group by 2.8% in the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline's stock valued at $614,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Coastwise Capital Group LLC increased its stake in American Airlines Group by 5.3% in the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline's stock valued at $425,000 after buying an additional 1,900 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

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.