American Airlines Group (NASDAQ:AAL) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of American Airlines Group (NASDAQ:AAL) from a market perform rating to an outperform rating in a report published on Tuesday, MarketBeat Ratings reports. Sanford C. Bernstein currently has $24.00 target price on the airline’s stock, up from their prior target price of $14.00.

AAL has been the subject of several other research reports. Bank of America boosted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. TD Cowen lifted their target price on shares of American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a report on Friday, December 6th. UBS Group cut shares of American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Tuesday, November 26th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.99.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $17.24 on Tuesday. The stock has a market cap of $11.33 billion, a P/E ratio of 52.24, a P/E/G ratio of 0.30 and a beta of 1.41. The stock’s 50 day simple moving average is $13.95 and its 200-day simple moving average is $11.93. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.20.

American Airlines Group (NASDAQ:AAL) last released 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. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, research analysts expect that American Airlines Group will post 1.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted 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. CWM LLC lifted its holdings in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after purchasing an additional 1,059 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after acquiring an additional 1,126 shares in the last quarter. Signaturefd LLC raised its holdings in American Airlines Group by 16.5% in the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after acquiring an additional 1,343 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in American Airlines Group by 4.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock valued at $368,000 after acquiring an additional 1,459 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

About American Airlines Group

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.