American Airlines Group Inc. (NASDAQ:AAL) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm currently has a $39.50 target price on the airline’s stock. Vetr‘s price objective suggests a potential upside of 12.38% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Credit Suisse Group AG reaffirmed a “sell” rating and set a $34.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 13th. Cowen and Company reissued an “outperform” rating and issued a $43.00 target price on shares of American Airlines Group in a research note on Wednesday, August 31st. Citigroup Inc. started coverage on American Airlines Group in a research note on Friday, August 26th. They issued an “in-line” rating and a $40.00 target price for the company. Imperial Capital started coverage on American Airlines Group in a research note on Friday, August 26th. They issued an “in-line” rating and a $40.00 target price for the company. Finally, Morgan Stanley set a $41.00 target price on American Airlines Group and gave the company a “buy” rating in a research note on Thursday, August 18th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. American Airlines Group has a consensus rating of “Hold” and a consensus target price of $43.44.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

American Airlines Group (NASDAQ:AAL) opened at 35.15 on Wednesday. The stock’s 50 day moving average price is $36.08 and its 200-day moving average price is $35.46. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 3.32 and a beta of 0.97. American Airlines Group has a one year low of $24.85 and a one year high of $47.09.

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American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. The business earned $10.40 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same period in the previous year, the firm earned $2.62 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. Analysts forecast that American Airlines Group will post $5.43 earnings per share for the current year.

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the sale, the executive vice president now owns 196,907 shares in the company, valued at $7,155,600.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Beverly K. Goulet sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $32.75, for a total value of $655,000.00. Following the completion of the sale, the executive vice president now owns 308,604 shares in the company, valued at approximately $10,106,781. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Primecap Management Co. CA raised its stake in American Airlines Group by 28.6% in the second quarter. Primecap Management Co. CA now owns 35,432,161 shares of the airline’s stock valued at $1,003,084,000 after buying an additional 7,883,585 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in American Airlines Group by 146.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 6,296,233 shares of the airline’s stock valued at $178,246,000 after buying an additional 3,745,807 shares in the last quarter. Janus Capital Management LLC raised its stake in American Airlines Group by 322.1% in the second quarter. Janus Capital Management LLC now owns 3,512,651 shares of the airline’s stock valued at $99,443,000 after buying an additional 2,680,375 shares in the last quarter. Norges Bank acquired a new stake in American Airlines Group during the fourth quarter valued at about $100,096,000. Finally, FMR LLC raised its stake in American Airlines Group by 28.6% in the second quarter. FMR LLC now owns 10,098,039 shares of the airline’s stock valued at $285,875,000 after buying an additional 2,243,176 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

About American Airlines Group

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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