American Airlines Group (NASDAQ:AAL) Stock Rating Upgraded by Redburn Atlantic

American Airlines Group (NASDAQ:AAL) was upgraded by analysts at Redburn Atlantic from a “neutral” rating to a “buy” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a $24.00 target price on the airline’s stock, up from their previous target price of $18.00. Redburn Atlantic’s target price would indicate a potential upside of 58.63% from the stock’s previous close.

AAL has been the subject of several other reports. Susquehanna lowered their target price on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Barclays upped their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Citigroup lifted their price target on American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI increased their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. Six 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.15.

American Airlines Group Stock Down 1.2 %

Shares of NASDAQ:AAL opened at $15.13 on Wednesday. The company has a market capitalization of $9.95 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.21 and a beta of 1.35. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $19.10. The stock’s fifty day simple moving average is $17.05 and its 200-day simple moving average is $14.20.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC acquired a new stake in American Airlines Group during the fourth quarter valued at approximately $60,190,000. Primecap Management Co. CA increased its holdings in shares of American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after acquiring an additional 2,886,041 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of American Airlines Group during the 4th quarter valued at approximately $42,693,000. Arrowstreet Capital Limited Partnership bought a new position in American Airlines Group during the fourth quarter worth $40,333,000. Finally, Alyeska Investment Group L.P. acquired a new position in American Airlines Group in the fourth quarter worth $35,141,000. 52.44% of the stock is currently owned by institutional investors.

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.