American Airlines Group (NASDAQ:AAL) Upgraded to “Neutral” at Bank of America

Bank of America upgraded shares of American Airlines Group (NASDAQ:AAL) from an underperform rating to a neutral rating in a report published on Friday morning, Marketbeat reports. The firm currently has $20.00 price target on the airline’s stock, up from their previous price target of $12.00.

Other analysts also recently issued reports about the stock. 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 report on Thursday, December 5th. Morgan Stanley lifted their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $17.00 to $25.00 in a report on Monday, January 6th. Finally, UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.94.

American Airlines Group Trading Down 0.1 %

AAL opened at $18.27 on Friday. The stock has a market capitalization of $12.01 billion, a P/E ratio of 55.37, a P/E/G ratio of 0.21 and a beta of 1.35. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.57. The firm’s fifty day simple moving average is $16.33 and its 200 day simple moving average is $12.99.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts predict that American Airlines Group will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently bought and sold shares of the business. Austin Private Wealth LLC acquired a new position in shares of American Airlines Group during the 3rd quarter worth approximately $723,000. Maverick Capital Ltd. increased its holdings in American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after buying an additional 94,573 shares during the period. Sei Investments Co. increased its holdings in American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares during the period. U S Global Investors Inc. raised its position in American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares in the last quarter. Finally, Centiva Capital LP lifted its position in shares of American Airlines Group by 199.9% during the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after buying an additional 99,513 shares during the last quarter. 52.44% of the stock is owned by 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.