American Airlines Group (NASDAQ:AAL) Shares Gap Up – What’s Next?

American Airlines Group Inc. (NASDAQ:AAL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $17.16, but opened at $17.95. American Airlines Group shares last traded at $17.81, with a volume of 4,984,126 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $24.00 in a research report on Tuesday. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.52.

American Airlines Group Stock Up 3.4 %

The company has a market capitalization of $11.66 billion, a P/E ratio of 52.00, a PEG ratio of 0.30 and a beta of 1.41. The company has a 50 day simple moving average of $13.56 and a two-hundred day simple moving average of $11.83.

American Airlines Group (NASDAQ:AAL) last announced 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 business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. As a group, research analysts expect that American Airlines Group Inc. will post 1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently modified their holdings of AAL. Primecap Management Co. CA grew its position in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Point72 DIFC Ltd purchased a new position in American Airlines Group in the third quarter worth $16,490,000. Toronto Dominion Bank increased its position in shares of American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after purchasing an additional 1,156,540 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

About American Airlines Group

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.