American Airlines Group (NASDAQ:AAL) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of American Airlines Group (NASDAQ:AAL – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the airline’s stock.

Several other research analysts have also recently weighed in on AAL. The Goldman Sachs Group assumed coverage on shares of American Airlines Group in a research note on Friday, December 16th. They set a neutral rating and a $13.00 price target on the stock. Redburn Partners upgraded shares of American Airlines Group from a neutral rating to a buy rating and set a $25.00 price objective on the stock in a research report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of American Airlines Group from $25.00 to $20.00 in a research report on Tuesday, December 20th. Evercore ISI raised their price objective on shares of American Airlines Group to $17.00 in a research report on Friday, January 13th. Finally, Cowen raised their price objective on shares of American Airlines Group from $18.00 to $20.00 and gave the company a market perform rating in a research report on Friday, January 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, American Airlines Group presently has an average rating of Hold and an average price target of $18.06.

American Airlines Group Trading Down 1.0 %

Shares of AAL stock opened at $13.98 on Thursday. American Airlines Group has a 12-month low of $11.65 and a 12-month high of $21.42. The firm’s 50 day moving average is $16.09 and its 200 day moving average is $14.39. The stock has a market capitalization of $9.11 billion, a P/E ratio of -1,398.00 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL – Get Rating) last issued its earnings results on Thursday, January 26th. The airline reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.03. American Airlines Group had a net margin of 0.26% and a negative return on equity of 4.22%. The company had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $13.20 billion. During the same quarter last year, the company posted ($1.42) earnings per share. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, equities analysts predict that American Airlines Group will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In other American Airlines Group news, COO David Seymour sold 74,614 shares of the business’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $16.03, for a total value of $1,196,062.42. Following the completion of the sale, the chief operating officer now directly owns 398,371 shares of the company’s stock, valued at approximately $6,385,887.13. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently modified their holdings of the business. Voya Investment Management LLC raised its holdings in shares of American Airlines Group by 2.9% in the 4th quarter. Voya Investment Management LLC now owns 229,022 shares of the airline’s stock valued at $2,913,000 after purchasing an additional 6,363 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of American Airlines Group in the 4th quarter valued at about $59,000. Point72 Middle East FZE bought a new stake in shares of American Airlines Group in the 4th quarter valued at about $1,606,000. Harbour Investments Inc. raised its stake in shares of American Airlines Group by 73.4% during the 4th quarter. Harbour Investments Inc. now owns 7,367 shares of the airline’s stock worth $94,000 after acquiring an additional 3,119 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of American Airlines Group by 2.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 331,100 shares of the airline’s stock worth $4,212,000 after acquiring an additional 6,944 shares in the last quarter. Institutional investors own 54.84% of the company’s stock.

American Airlines Group Company Profile

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American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic, Department of Transportation Latin America, Department of Transportation Atlantic, and Department of Transportation Pacific.