American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “outperform” rating reaffirmed by stock analysts at Cowen and Company in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $55.00 price target on the airline’s stock, down from their prior price target of $57.00. Cowen and Company’s price target indicates a potential upside of 17.00% from the company’s current price.

AAL has been the subject of a number of other reports. Vetr upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 price target for the company in a report on Tuesday, May 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price target (up from $49.00) on shares of American Airlines Group in a report on Monday, July 10th. Atlantic Securities assumed coverage on American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 price target for the company. Bank of America Corporation increased their price target on American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday, June 30th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of American Airlines Group in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.28.

American Airlines Group (NASDAQ AAL) traded down 0.62% on Wednesday, reaching $46.71. The company’s stock had a trading volume of 1,197,973 shares. The company has a market cap of $22.75 billion, a P/E ratio of 11.60 and a beta of 0.98. American Airlines Group has a 12 month low of $33.90 and a 12 month high of $54.48. The stock’s 50 day moving average price is $47.27 and its 200 day moving average price is $46.76.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. American Airlines Group’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. Equities research analysts forecast that American Airlines Group will post $4.86 earnings per share for the current year.

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In other news, EVP Elise R. Eberwein sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now owns 312,368 shares in the company, valued at approximately $15,727,728.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AAL. MCF Advisors LLC purchased a new position in American Airlines Group in the 2nd quarter valued at approximately $106,000. Westside Investment Management Inc. grew its stake in American Airlines Group by 3.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares in the last quarter. First Manhattan Co. grew its stake in American Airlines Group by 3.3% in the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares in the last quarter. WFG Advisors LP grew its stake in American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after buying an additional 519 shares in the last quarter. Finally, D. Scott Neal Inc. purchased a new position in American Airlines Group in the 2nd quarter valued at approximately $120,000. Institutional investors and hedge funds own 81.53% 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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