American Airlines Group (NASDAQ:AAL) Upgraded at Redburn Partners

American Airlines Group (NASDAQ:AAL - Get Free Report) was upgraded by Redburn Partners from a "neutral" rating to a "buy" rating in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a $24.00 target price on the airline's stock. Redburn Partners' target price would indicate a potential upside of 67.19% from the stock's current price.

Other analysts have also recently issued research reports about the stock. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $24.00 in a research note on Wednesday. StockNews.com raised American Airlines Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th. Bank of America raised American Airlines Group from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $12.00 to $20.00 in a research note on Friday, January 17th. Sanford C. Bernstein raised 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 research note on Tuesday, December 10th. Finally, Raymond James reiterated an "outperform" rating and set a $23.00 target price (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus price target of $19.40.

American Airlines Group Stock Performance

Shares of American Airlines Group stock traded down $0.18 on Wednesday, reaching $14.36. 49,703,048 shares of the stock were exchanged, compared to its average volume of 34,488,664. The firm has a market cap of $9.44 billion, a PE ratio of 12.59, a P/E/G ratio of 0.21 and a beta of 1.35. The firm's 50 day moving average is $16.94 and its 200-day moving average is $14.27. American Airlines Group has a one year low of $9.07 and a one year high of $19.10.

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

Insider Activity at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake 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 buying an additional 911 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in American Airlines Group in the 3rd quarter worth approximately $114,000. Allworth Financial LP lifted its position in American Airlines Group by 31.8% in the 3rd quarter. Allworth Financial LP now owns 45,796 shares of the airline's stock valued at $515,000 after acquiring an additional 11,050 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in American Airlines Group by 390.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 182,000 shares of the airline's stock valued at $2,046,000 after purchasing an additional 144,900 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of American Airlines Group by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline's stock worth $856,000 after purchasing an additional 5,175 shares in the last quarter. Hedge funds and other institutional investors 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.