American Airlines Group (NASDAQ:AAL) Receives Outperform Rating from Raymond James

American Airlines Group (NASDAQ:AAL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Raymond James in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $23.00 target price on the airline’s stock, down from their previous target price of $24.00. Raymond James’ price objective suggests a potential upside of 32.83% from the company’s current price.

Several other analysts also recently weighed in on AAL. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, January 6th. Citigroup increased their target price on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays increased their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and an average target price of $18.99.

American Airlines Group Stock Up 1.7 %

NASDAQ:AAL traded up $0.29 on Friday, hitting $17.32. The stock had a trading volume of 21,439,713 shares, compared to its average volume of 32,582,875. The company has a fifty day moving average price of $16.60 and a two-hundred day moving average price of $13.16. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 52.26, a PEG 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.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, analysts anticipate that American Airlines Group will post 1.73 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group raised its position in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of American Airlines Group in the third quarter valued at about $55,000. KBC Group NV boosted its holdings in American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after buying an additional 2,204 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in American Airlines Group during the fourth quarter worth about $98,000. 52.44% of the stock is currently 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.