BidaskClub upgraded shares of American Airlines Group (NASDAQ:AAL) from a sell rating to a hold rating in a research report sent to investors on Wednesday, BidAskClub reports.

Several other analysts also recently commented on AAL. Credit Suisse Group downgraded shares of American Airlines Group from a neutral rating to an underperform rating and dropped their price objective for the company from $32.00 to $30.00 in a report on Monday, July 8th. Deutsche Bank set a $42.00 price objective on shares of American Airlines Group and gave the company a buy rating in a report on Friday, July 26th. Buckingham Research dropped their price objective on shares of American Airlines Group from $45.00 to $43.00 and set a buy rating on the stock in a report on Thursday, July 11th. Barclays dropped their price objective on shares of American Airlines Group from $60.00 to $48.00 and set an overweight rating on the stock in a report on Monday, May 20th. Finally, Citigroup set a $54.00 price objective on shares of American Airlines Group and gave the company a buy rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $40.76.

NASDAQ:AAL opened at $29.95 on Wednesday. The company has a market cap of $13.34 billion, a PE ratio of 6.58, a P/E/G ratio of 0.36 and a beta of 1.72. American Airlines Group has a twelve month low of $24.23 and a twelve month high of $43.89. The company’s 50 day moving average is $27.84 and its two-hundred day moving average is $31.31.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 25th. The airline reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.05. The company had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.98 billion. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. American Airlines Group’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. As a group, research analysts anticipate that American Airlines Group will post 4.9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, August 6th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.79%.

In other news, President Robert D. Isom, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of $26.34 per share, with a total value of $65,850.00. Following the completion of the acquisition, the president now owns 771,271 shares of the company’s stock, valued at approximately $20,315,278.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Embler purchased 4,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $28.18 per share, for a total transaction of $112,720.00. Following the completion of the acquisition, the director now directly owns 30,969 shares of the company’s stock, valued at approximately $872,706.42. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in American Airlines Group by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock worth $177,362,000 after acquiring an additional 366,191 shares during the period. Janus Henderson Group PLC raised its position in American Airlines Group by 5.0% during the first quarter. Janus Henderson Group PLC now owns 25,615 shares of the airline’s stock worth $814,000 after acquiring an additional 1,230 shares during the period. Robeco Institutional Asset Management B.V. raised its position in American Airlines Group by 46.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 13,066 shares of the airline’s stock worth $416,000 after acquiring an additional 4,141 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in American Airlines Group by 3.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,822 shares of the airline’s stock worth $503,000 after acquiring an additional 585 shares during the period. Finally, First Allied Advisory Services Inc. raised its position in American Airlines Group by 4.3% during the first quarter. First Allied Advisory Services Inc. now owns 12,582 shares of the airline’s stock worth $404,000 after acquiring an additional 522 shares during the period. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

Recommended Story: Candlestick

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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