American Airlines Group (NASDAQ:AAL) Upgraded by Redburn Atlantic to “Buy” Rating

Redburn Atlantic upgraded shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a buy rating in a research note released on Wednesday morning, Marketbeat reports. They currently have $24.00 price target on the airline’s stock, up from their previous price target of $18.00.

AAL has been the subject of several other research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Finally, Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and an average price target of $19.40.

American Airlines Group Stock Performance

Shares of AAL opened at $15.18 on Wednesday. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $19.10. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. The firm has a fifty day moving average of $17.05 and a 200-day moving average of $14.20.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Insiders Place Their Bets

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 stock was 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 owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $25,000. Brooklyn Investment Group grew its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares in the last quarter. Elequin Capital LP grew its stake in shares of American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after buying an additional 1,182 shares in the last quarter. Bfsg LLC grew its stake in shares of American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after buying an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of American Airlines Group in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds 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.