American Airlines Group (NASDAQ:AAL) Upgraded at Bank of America

American Airlines Group (NASDAQ:AAL) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a $20.00 price target on the airline’s stock, up from their prior price target of $12.00. Bank of America‘s target price would indicate a potential upside of 9.35% from the company’s previous close.

Several other analysts have also weighed in on AAL. Scotiabank raised 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. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $20.00 in a report on Monday, January 6th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, January 6th. Morgan Stanley lifted their target price on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, 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. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $18.94.

American Airlines Group Price Performance

NASDAQ:AAL opened at $18.29 on Friday. American Airlines Group has a one year low of $9.07 and a one year high of $18.56. The company has a fifty day moving average price of $16.24 and a 200 day moving average price of $12.94. The stock has a market cap of $12.02 billion, a P/E ratio of 55.43, a PEG ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that American Airlines Group will post 1.7 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $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 is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the period. Blue Trust Inc. raised its holdings in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in American Airlines Group during the 3rd quarter valued at about $55,000. KBC Group NV boosted its stake in shares of American Airlines Group by 55.8% in the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of American Airlines Group by 44.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock worth $112,000 after buying an additional 3,047 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Company Profile

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.