Raymond James Reiterates "Outperform" Rating for American Airlines Group (NASDAQ:AAL)

American Airlines Group (NASDAQ:AAL - Get Free Report)'s stock had its "outperform" rating reaffirmed by Raymond James in a report released on Friday,Benzinga reports. They presently have a $23.00 price objective on the airline's stock, down from their prior price objective of $24.00. Raymond James' price target would suggest a potential upside of 35.61% from the company's previous close.

A number of other equities research analysts also recently weighed in on AAL. Sanford C. Bernstein upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Barclays increased their price objective on American Airlines Group from $16.00 to $18.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. The Goldman Sachs Group reiterated a "neutral" rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Morgan Stanley increased their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.99.

American Airlines Group Stock Down 0.4 %

AAL traded down $0.07 during trading on Friday, reaching $16.96. The stock had a trading volume of 37,760,501 shares, compared to its average volume of 22,341,630. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 0.97 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. The stock has a 50 day moving average of $16.71 and a two-hundred day moving average of $13.24.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. On average, research analysts forecast that American Airlines Group will post 1.73 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company's stock in a transaction 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 represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group increased its position in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after buying an additional 909 shares during the last quarter. Blue Trust Inc. increased its position in American Airlines Group by 56.2% during 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 during the last quarter. Sunbelt Securities Inc. increased its position 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 buying an additional 1,126 shares during the last quarter. American Century Companies Inc. increased its position in American Airlines Group by 2.8% during the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline's stock worth $614,000 after buying an additional 1,468 shares during the last quarter. Finally, Coastwise Capital Group LLC increased its position in American Airlines Group by 5.3% during the third quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline's stock worth $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.