American Airlines Group (NASDAQ:AAL) Receives “Outperform” Rating from Raymond James

Raymond James reiterated their outperform rating on shares of American Airlines Group (NASDAQ:AAL) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $23.00 target price on the airline’s stock, down from their previous target price of $24.00.

AAL has been the subject of several other reports. Citigroup increased their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Morgan Stanley upped their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.99.

American Airlines Group Stock Down 0.4 %

NASDAQ AAL opened at $16.96 on Friday. The company has a 50-day moving average price of $16.71 and a 200-day moving average price of $13.23. The firm has a market capitalization of $11.14 billion, a P/E ratio of 51.40, a PEG ratio of 0.97 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.

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, 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%. As a group, equities research analysts anticipate 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 firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of American Airlines Group

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group increased its stake in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. increased its stake in American Airlines Group by 56.2% in the third 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 period. Point72 Hong Kong Ltd purchased a new stake in American Airlines Group in the third quarter worth $55,000. Heck Capital Advisors LLC purchased a new stake in American Airlines Group in the fourth quarter worth $98,000. Finally, KBC Group NV increased its stake in American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares during the period. 52.44% of the stock is currently owned by institutional investors.

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.