American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “equal weight” rating reissued by Morgan Stanley in a research note issued to investors on Thursday, Marketbeat reports. They currently have a $52.00 price objective on the airline’s stock, down from their prior price objective of $54.00. Morgan Stanley’s price objective would suggest a potential upside of 7.42% from the stock’s previous close.

AAL has been the subject of several other research reports. ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Bank of America Corporation upped their price objective on shares of American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday, June 30th. Deutsche Bank AG reduced their price objective on shares of American Airlines Group from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 28th. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $58.00 price objective on shares of American Airlines Group in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.45.

American Airlines Group (NASDAQ:AAL) traded down 3.9740% during trading on Thursday, reaching $46.4862. 4,505,551 shares of the company were exchanged. American Airlines Group has a 12 month low of $33.90 and a 12 month high of $54.48. The stock has a 50 day moving average price of $51.01 and a 200 day moving average price of $46.88. The firm has a market capitalization of $22.64 billion, a PE ratio of 11.5408 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect that American Airlines Group will post $5.12 EPS for the current fiscal year.

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In other American Airlines Group news, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the sale, the vice president now directly owns 591,195 shares in the company, valued at $29,559,750. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the completion of the sale, the executive vice president now owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,623 shares of company stock worth $9,869,666. 0.64% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of AAL. Primecap Management Co. CA increased its stake in American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. Vanguard Group Inc. increased 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 valued at $1,524,915,000 after buying an additional 93,279 shares during the last quarter. BlackRock Inc. increased its stake in American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC increased its stake in American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in American Airlines Group by 7.6% in the first quarter. Geode Capital Management LLC now owns 5,297,036 shares of the airline’s stock valued at $223,815,000 after buying an additional 375,764 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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