TD Cowen Upgrades American Airlines Group (NASDAQ:AAL) to "Buy"

American Airlines Group (NASDAQ:AAL - Get Free Report) was upgraded by TD Cowen from a "hold" rating to a "buy" rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $25.00 price target on the airline's stock, up from their prior price target of $17.00. TD Cowen's price objective suggests a potential upside of 42.69% from the stock's current price.

Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group restated a "neutral" rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Bank of America raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. UBS Group raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus price target of $17.68.

American Airlines Group Stock Up 3.2 %

Shares of AAL traded up $0.55 during mid-day trading on Monday, hitting $17.52. 31,788,873 shares of the company traded hands, compared to its average volume of 24,872,006. The company has a market capitalization of $11.51 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35. The business has a 50 day moving average of $15.54 and a 200 day moving average of $12.58. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.20.

American Airlines Group (NASDAQ:AAL - Get Free Report) 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 business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the business posted $0.38 EPS. American Airlines Group's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts expect that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

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 $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Blue Trust Inc. grew its position in 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 acquiring an additional 911 shares during the period. Sentry Investment Management LLC purchased a new position in shares of American Airlines Group during the 2nd quarter worth $36,000. Point72 Hong Kong Ltd acquired a new stake in shares of American Airlines Group during the 3rd quarter worth about $55,000. KBC Group NV lifted its position in American Airlines Group by 55.8% in the third 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 during the last quarter. Finally, GAMMA Investing LLC boosted its stake in American Airlines Group by 44.3% during the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline's stock worth $112,000 after buying an additional 3,047 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

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.