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

American Airlines Group (NASDAQ:AAL) was upgraded by equities researchers at TD Cowen from a “hold” rating to a “buy” rating in a report released on Monday, Marketbeat Ratings reports. The firm presently has a $25.00 price objective on the airline’s stock, up from their prior price objective of $17.00. TD Cowen’s price objective would indicate a potential upside of 41.32% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Evercore ISI lifted their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Citigroup lifted their price objective on American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, December 12th. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research note on Monday, December 30th. Finally, Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.10.

American Airlines Group Stock Up 1.0 %

American Airlines Group stock opened at $17.69 on Monday. The company’s 50-day moving average price is $15.54 and its two-hundred day moving average price is $12.58. The stock has a market cap of $11.62 billion, a P/E ratio of 53.61, a P/E/G ratio of 0.29 and a beta of 1.35. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20.

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, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Insider Activity at American Airlines Group

In related news, 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 owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Institutional Trading of American Airlines Group

A number of large investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in American Airlines Group during the second quarter valued at about $36,000. Point72 Hong Kong Ltd bought a new position in American Airlines Group during the third quarter worth about $55,000. KBC Group NV increased its stake in shares of American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of American Airlines Group by 44.3% in the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after purchasing an additional 3,047 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.