American Airlines Group (AAL) Raised to “Buy” at Bank of America

Bank of America upgraded shares of American Airlines Group (NASDAQ:AAL) from an underperform rating to a buy rating in a report issued on Tuesday, Marketbeat reports. Bank of America currently has $64.00 price objective on the airline’s stock.

A number of other analysts have also recently issued reports on AAL. BidaskClub upgraded shares of American Airlines Group from a hold rating to a buy rating in a research note on Wednesday, December 27th. Cowen lifted their target price on shares of American Airlines Group from $55.00 to $56.00 and gave the company an outperform rating in a research note on Tuesday, October 10th. Buckingham Research reiterated a buy rating on shares of American Airlines Group in a research note on Friday, October 27th. Morgan Stanley reiterated an equal weight rating and issued a $51.00 target price (up from $47.00) on shares of American Airlines Group in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut shares of American Airlines Group from a hold rating to a strong sell rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. American Airlines Group has an average rating of Buy and a consensus target price of $60.35.

Shares of American Airlines Group (NASDAQ:AAL) opened at $58.47 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. The company has a market cap of $27,980.00, a P/E ratio of 14.88 and a beta of 0.99. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $58.73.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.80 earnings per share. analysts anticipate that American Airlines Group will post 4.66 EPS for the current year.

In other news, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the sale, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. lifted its stake in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the last quarter. Thrivent Financial For Lutherans increased its position in American Airlines Group by 0.6% during the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock worth $1,090,000 after acquiring an additional 130 shares during the period. WFG Advisors LP increased its position in American Airlines Group by 28.1% during the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after acquiring an additional 519 shares during the period. D.A. Davidson & CO. increased its position in American Airlines Group by 8.3% during the second quarter. D.A. Davidson & CO. now owns 13,111 shares of the airline’s stock worth $659,000 after acquiring an additional 1,007 shares during the period. Finally, Williams Jones & Associates LLC increased its position in American Airlines Group by 1.6% during the second quarter. Williams Jones & Associates LLC now owns 67,068 shares of the airline’s stock worth $3,375,000 after acquiring an additional 1,025 shares during the period. Institutional investors and hedge funds own 81.20% of the company’s stock.

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American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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