American Airlines Group Inc (AAL) Lifted to Strong-Buy at Vetr Inc.

American Airlines Group Inc (NASDAQ:AAL) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage currently has a $46.04 target price on the airline’s stock. Vetr‘s price objective would indicate a potential upside of 1.79% from the stock’s previous close.

AAL has been the subject of several other research reports. Morgan Stanley reissued an “overweight” rating on shares of American Airlines Group in a research note on Friday, December 16th. Deutsche Bank AG reissued a “buy” rating and issued a $55.00 target price on shares of American Airlines Group in a research note on Tuesday, January 31st. Barclays PLC assumed coverage on shares of American Airlines Group in a research note on Thursday, December 15th. They issued an “equal weight” rating and a $62.00 target price for the company. Imperial Capital upped their price objective on shares of American Airlines Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Tuesday, January 31st. Finally, Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.90.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Shares of American Airlines Group (NASDAQ:AAL) traded down 0.13% during mid-day trading on Tuesday, reaching $45.16. 2,164,903 shares of the company’s stock were exchanged. The company’s 50 day moving average is $42.87 and its 200 day moving average is $44.26. The stock has a market capitalization of $22.77 billion, a PE ratio of 9.39 and a beta of 0.93. American Airlines Group has a 1-year low of $24.85 and a 1-year high of $50.64.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, January 27th. The airline reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. American Airlines Group had a net margin of 6.66% and a return on equity of 86.54%. The firm earned $9.79 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that American Airlines Group will post $4.63 EPS for the current fiscal year.

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In related news, EVP Maya Leibman sold 9,455 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $46.79, for a total transaction of $442,399.45. Following the sale, the executive vice president now directly owns 165,884 shares of the company’s stock, valued at approximately $7,761,712.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray M. Robinson sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $45.22, for a total value of $361,760.00. Following the sale, the director now directly owns 35,077 shares in the company, valued at $1,586,181.94. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 23,500 shares of company stock valued at $17,025. Company insiders own 0.64% of the company’s stock.

A number of large investors have recently modified their holdings of AAL. Rothschild Investment Corp IL bought a new stake in shares of American Airlines Group during the third quarter valued at $229,000. Meeder Asset Management Inc. bought a new stake in shares of American Airlines Group during the third quarter valued at $237,000. Everence Capital Management Inc. bought a new stake in shares of American Airlines Group during the third quarter valued at $209,000. Kirr Marbach & Co. LLC IN raised its stake in shares of American Airlines Group by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 316,532 shares of the airline’s stock valued at $11,588,000 after buying an additional 885 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of American Airlines Group during the third quarter valued at $977,000. 76.78% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Company Profile

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.

5 Day Chart for NASDAQ:AAL

To view Vetr’s full report, visit Vetr’s official website.

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