American Airlines Group (NASDAQ:AAL) Trading 6.4% Higher Following Analyst Upgrade

American Airlines Group Inc. (NASDAQ:AAL) traded up 6.4% during mid-day trading on Monday after Sanford C. Bernstein raised their price target on the stock from $21.00 to $22.00. Sanford C. Bernstein currently has an outperform rating on the stock. American Airlines Group traded as high as $14.75 and last traded at $14.73. 34,854,180 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 34,058,938 shares. The stock had previously closed at $13.85.

AAL has been the topic of a number of other reports. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a research note on Monday, January 29th. UBS Group initiated coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, January 11th. Citigroup reaffirmed a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.60.

Institutional Trading of American Airlines Group

Large investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of American Airlines Group by 36.9% during the first quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock valued at $16,050,000 after buying an additional 281,956 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of American Airlines Group in the 1st quarter valued at approximately $1,704,000. ClariVest Asset Management LLC raised its holdings in shares of American Airlines Group by 38.1% in the 1st quarter. ClariVest Asset Management LLC now owns 104,583 shares of the airline’s stock worth $1,605,000 after buying an additional 28,837 shares in the last quarter. Empirical Finance LLC boosted its stake in American Airlines Group by 1.4% in the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock valued at $899,000 after buying an additional 797 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of American Airlines Group in the 1st quarter valued at $268,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 2.7 %

The stock’s 50-day simple moving average is $14.31 and its 200 day simple moving average is $13.76. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 0.20 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that American Airlines Group Inc. will post 2.54 earnings per share for the current year.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.