American Airlines Group (NASDAQ:AAL) Given “Outperform” Rating at Raymond James

Raymond James restated their outperform rating on shares of American Airlines Group (NASDAQ:AAL) in a report issued on Friday morning,Benzinga reports. Raymond James currently has a $23.00 target price on the airline’s stock, down from their prior target price of $24.00.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, December 5th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $25.00 in a research report on Monday, January 6th. Citigroup boosted their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $20.00 in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.99.

American Airlines Group Stock Performance

AAL stock opened at $16.96 on Friday. The company has a market capitalization of $11.14 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. American Airlines Group has a one year low of $9.07 and a one year high of $19.10. The company’s 50 day moving average price is $16.71 and its two-hundred day moving average price is $13.23.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. On average, research analysts predict that American Airlines Group will post 1.73 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group lifted its stake in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the period. Blue Trust Inc. lifted its stake in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group during the 3rd quarter valued at about $55,000. Heck Capital Advisors LLC purchased a new stake in shares of American Airlines Group during the 4th quarter valued at about $98,000. Finally, KBC Group NV increased its position in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

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.