American Airlines Group (AAL) Shares Gap Up Following Analyst Upgrade

American Airlines Group Inc (NASDAQ:AAL) shares gapped up prior to trading on Thursday after Buckingham Research raised their price target on the stock from $66.00 to $71.00. The stock had previously closed at $54.33, but opened at $53.78. Buckingham Research currently has a buy rating on the stock. American Airlines Group shares last traded at $56.49, with a volume of 5901793 shares changing hands.

AAL has been the topic of several other reports. BidaskClub lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, November 10th. Cowen reissued an “outperform” rating and issued a $55.00 price objective on shares of American Airlines Group in a research report on Tuesday, September 26th. Citigroup reissued a “buy” rating on shares of American Airlines Group in a research report on Wednesday, September 13th. Bank of America raised American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday. Finally, Stephens reissued a “hold” rating and issued a $62.00 price objective on shares of American Airlines Group in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $60.35.

In other news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of American Airlines Group stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the sale, the chief executive officer now directly owns 1,925,242 shares in the company, valued at $100,728,661.44. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in American Airlines Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock worth $1,524,915,000 after purchasing an additional 93,279 shares in the last quarter. Carmignac Gestion grew its stake in American Airlines Group by 0.3% in the second quarter. Carmignac Gestion now owns 4,223,251 shares of the airline’s stock worth $212,514,000 after purchasing an additional 13,700 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in American Airlines Group by 1.8% in the second quarter. Brandywine Global Investment Management LLC now owns 3,705,246 shares of the airline’s stock worth $186,448,000 after purchasing an additional 64,713 shares in the last quarter. Boston Partners acquired a new position in American Airlines Group in the third quarter worth about $113,633,000. Finally, Hosking Partners LLP grew its stake in American Airlines Group by 0.4% in the third quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock worth $111,359,000 after purchasing an additional 9,522 shares in the last quarter. Institutional investors and hedge funds own 81.20% of the company’s stock.

The stock has a market capitalization of $27,000.00, a P/E ratio of 14.36 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.80 earnings per share. analysts anticipate that American Airlines Group Inc will post 4.66 earnings per share for the current fiscal year.

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About American Airlines Group

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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