American Airlines Group (NASDAQ:AAL) Shares Gap Up Following Analyst Upgrade

American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) gapped up prior to trading on Monday after Bank of America raised their price target on the stock from $9.00 to $10.00. The stock had previously closed at $13.15, but opened at $13.66. Bank of America currently has an underperform rating on the stock. American Airlines Group shares last traded at $13.63, with a volume of 10,249,939 shares traded.

AAL has been the subject of a number of other reports. BNP Paribas raised shares of American Airlines Group to a "hold" rating in a research note on Thursday, September 19th. TD Securities dropped their target price on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Evercore ISI upped their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. Sanford C. Bernstein lowered shares of American Airlines Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, TD Cowen increased their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of "Hold" and an average price target of $13.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AAL. Beaird Harris Wealth Management LLC boosted its holdings in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline's stock valued at $36,000 after buying an additional 795 shares in the last quarter. Blue Trust Inc. boosted its stake in American Airlines Group by 56.2% in the 3rd 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. UMB Bank n.a. lifted its stake in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline's stock valued at $32,000 after acquiring an additional 2,264 shares during the period. Sentry Investment Management LLC acquired a new stake in American Airlines Group during the 2nd quarter valued at approximately $36,000. Finally, ORG Partners LLC acquired a new stake in American Airlines Group during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Performance

The firm's 50 day simple moving average is $11.28 and its 200 day simple moving average is $11.76. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 1.22 earnings per share for the current year.

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.