American Airlines Group (NASDAQ:AAL) Raised to “Strong-Buy” at Seaport Res Ptn

Seaport Res Ptn upgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on AAL. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $10.00 to $16.00 in a research note on Thursday, November 14th. Susquehanna increased their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday. Finally, BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average target price of $14.29.

American Airlines Group Price Performance

AAL opened at $17.38 on Thursday. The stock has a 50-day moving average price of $13.32 and a 200-day moving average price of $11.81. The firm has a market cap of $11.42 billion, a PE ratio of 52.67, a P/E/G ratio of 0.26 and a beta of 1.41. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $17.80.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Airlines Group will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AAL. Primecap Management Co. CA lifted its position in American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd bought a new stake in American Airlines Group in the third quarter worth $16,490,000. Toronto Dominion Bank lifted its position in American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after buying an additional 1,156,540 shares during the last quarter. 52.44% of the stock is 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.