American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “buy” rating restated by stock analysts at Buckingham Research in a report issued on Friday.

Other analysts have also recently issued reports about the company. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 price target (down from $54.00) on shares of American Airlines Group in a research note on Thursday, August 17th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a research note on Monday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price target on shares of American Airlines Group in a research note on Tuesday, August 22nd. Finally, J P Morgan Chase & Co raised American Airlines Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $52.00 to $61.00 in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.72.

American Airlines Group (AAL) opened at 47.56 on Friday. The firm has a 50 day moving average of $48.97 and a 200 day moving average of $48.20. The firm has a market capitalization of $23.16 billion, a PE ratio of 11.81 and a beta of 0.99. American Airlines Group has a one year low of $39.21 and a one year high of $54.48.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The firm had revenue of $10.88 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.80 EPS. Equities analysts forecast that American Airlines Group will post $4.57 EPS for the current year.

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In related news, Director Ray M. Robinson sold 3,476 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the business’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 value of $2,517,500.00. Following the completion of the transaction, 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. Insiders sold a total of 63,476 shares of company stock valued at $3,159,738 over the last quarter. 0.69% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu KCG Holdings LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at approximately $322,000. State of Tennessee Treasury Department grew its position in shares of American Airlines Group by 33.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock valued at $9,256,000 after purchasing an additional 46,114 shares during the period. Koch Industries Inc. acquired a new position in shares of American Airlines Group in the 2nd quarter valued at approximately $265,000. Allen Investment Management LLC grew its position in shares of American Airlines Group by 65.3% in the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock valued at $1,885,000 after purchasing an additional 14,797 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at approximately $3,259,000. Institutional investors and hedge funds own 82.68% 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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