American Airlines Group (NASDAQ:AAL) Raised to Buy at Redburn Partners

Redburn Partners upgraded shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to a buy rating in a report published on Wednesday,Stock Target Advisor reports. The brokerage currently has $24.00 price objective on the airline’s stock.

Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the company from $12.00 to $20.00 in a research report on Monday, January 6th. Barclays raised their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $24.00 in a research report on Wednesday. Evercore ISI increased their price target on American Airlines Group to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley lifted their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $19.40.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $15.18 on Wednesday. The stock has a market capitalization of $9.98 billion, a PE ratio of 13.32, a price-to-earnings-growth 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 has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $14.20.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that American Airlines Group will post 2.42 EPS for the current year.

Insider Activity at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Austin Private Wealth LLC bought a new position in shares of American Airlines Group in the third quarter worth $723,000. Centiva Capital LP lifted its holdings in American Airlines Group by 199.9% during the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after purchasing an additional 99,513 shares in the last quarter. Principal Financial Group Inc. boosted its stake in American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. Primecap Management Co. CA grew its holdings in American Airlines Group by 0.8% during the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after buying an additional 458,310 shares in the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of American Airlines Group during the third quarter valued at about $672,000. 52.44% of the stock is currently owned by hedge funds and other 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.