American Airlines Group, Inc. (NASDAQ:AAL) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

A number of other brokerages have also weighed in on AAL. Morgan Stanley reissued an “equal weight” rating and set a $54.00 price target (up previously from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $52.00 target price on shares of American Airlines Group in a research report on Thursday, July 13th. Citigroup Inc. increased their target price on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Imperial Capital reaffirmed an “in-line” rating and issued a $49.00 target price (up from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. Finally, Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.78.

Shares of American Airlines Group (NASDAQ:AAL) traded down 0.41% during midday trading on Thursday, hitting $46.00. The stock had a trading volume of 14,846,236 shares. The stock has a 50-day moving average price of $46.92 and a 200-day moving average price of $46.75. The stock has a market cap of $22.40 billion, a P/E ratio of 11.42 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.

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

WARNING: “American Airlines Group, Inc. (AAL) Raised to “Sell” at BidaskClub” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/09/16/american-airlines-group-inc-aal-raised-to-sell-at-bidaskclub.html.

In related news, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the sale, the executive vice president now directly owns 161,476 shares in the company, valued at approximately $7,746,003.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the completion of the sale, the executive vice president now owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,476 shares of company stock valued at $3,159,738. 0.64% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in AAL. Russell Investments Group Ltd. grew its stake in shares of American Airlines Group by 6.5% during the first quarter. Russell Investments Group Ltd. now owns 121,487 shares of the airline’s stock valued at $5,139,000 after acquiring an additional 7,451 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of American Airlines Group by 13.6% during the first quarter. Xact Kapitalforvaltning AB now owns 14,361 shares of the airline’s stock valued at $607,000 after acquiring an additional 1,715 shares in the last quarter. Swiss National Bank grew its stake in shares of American Airlines Group by 21.2% during the first quarter. Swiss National Bank now owns 459,100 shares of the airline’s stock valued at $19,420,000 after acquiring an additional 80,400 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of American Airlines Group by 6.5% during the first quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock valued at $17,816,000 after acquiring an additional 25,738 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of American Airlines Group during the first quarter valued at about $4,733,000. Institutional investors 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)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.