Vetr lowered shares of American Airlines Group, Inc. (NASDAQ:AAL) from a strong-buy rating to a buy rating in a research report released on Tuesday morning. The brokerage currently has $52.81 price objective on the airline’s stock.

Other analysts also recently issued reports about the stock. Barclays PLC assumed coverage on shares of American Airlines Group in a report on Thursday, December 15th. They set an equal weight rating and a $62.00 price objective for the company. Wolfe Research set a $46.00 price objective on shares of American Airlines Group and gave the stock a buy rating in a report on Friday, October 21st. Cowen and Company reaffirmed a market perform rating on shares of American Airlines Group in a report on Wednesday, January 4th. Imperial Capital reaffirmed an in-line rating and set a $43.00 price objective (up from $40.00) on shares of American Airlines Group in a report on Friday, October 21st. Finally, Morgan Stanley reaffirmed an overweight rating on shares of American Airlines Group in a report on Saturday, January 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. American Airlines Group presently has a consensus rating of Hold and an average price target of $46.14.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Shares of American Airlines Group (NASDAQ:AAL) opened at 48.21 on Tuesday. The company has a market cap of $24.98 billion, a P/E ratio of 5.00 and a beta of 0.96. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $50.64. The company’s 50 day moving average is $47.30 and its 200-day moving average is $38.96.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $1.23. The business earned $10.60 billion during the quarter, compared to the consensus estimate of $5.43 billion. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. American Airlines Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 EPS. Analysts expect that American Airlines Group will post $5.66 EPS for the current fiscal year.

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In related news, Chairman W Douglas Parker sold 113,706 shares of the stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $48.12, for a total transaction of $5,471,532.72. Following the completion of the sale, the chairman now owns 1,772,430 shares in the company, valued at approximately $85,289,331.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the sale, the executive vice president now owns 248,604 shares of the company’s stock, valued at approximately $9,944,160. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Several large investors have recently made changes to their positions in AAL. Van Hulzen Asset Management LLC purchased a new stake in shares of American Airlines Group during the third quarter worth about $106,000. Checchi Capital Advisers LLC boosted its stake in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares during the last quarter. Evercore Wealth Management LLC boosted its stake in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock valued at $130,000 after buying an additional 1,727 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management LLC now owns 4,105 shares of the airline’s stock valued at $161,000 after buying an additional 275 shares during the last quarter. Finally, RS Investment Management Co. LLC boosted its stake in American Airlines Group by 111.1% in the second quarter. RS Investment Management Co. LLC now owns 5,974 shares of the airline’s stock valued at $169,000 after buying an additional 3,144 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.

About American Airlines Group

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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

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