Buckingham Research reiterated their buy rating on shares of American Airlines Group (NASDAQ:AAL) in a research report sent to investors on Thursday, MarketBeat reports. Buckingham Research currently has a $71.00 price target on the airline’s stock, up from their prior price target of $66.00.

A number of other research analysts have also recently issued reports on AAL. Citigroup raised their price target on shares of American Airlines Group to $65.00 and gave the stock a buy rating in a report on Thursday. Morgan Stanley reaffirmed an equal weight rating and issued a $51.00 price target (up previously from $47.00) on shares of American Airlines Group in a report on Monday, October 2nd. Stephens reaffirmed a hold rating and issued a $62.00 price target on shares of American Airlines Group in a report on Wednesday. Cowen reaffirmed an outperform rating and issued a $55.00 price target on shares of American Airlines Group in a report on Tuesday, September 26th. Finally, Imperial Capital reaffirmed an in-line rating and issued a $53.00 price target (up previously from $47.00) on shares of American Airlines Group in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. American Airlines Group currently has a consensus rating of Buy and an average target price of $60.35.

American Airlines Group (AAL) traded up $2.05 during midday trading on Thursday, hitting $58.47. 7,505,254 shares of the company’s stock were exchanged, compared to its average volume of 4,510,000. The stock has a market capitalization of $27,980.00, a PE ratio of 14.88, a P/E/G ratio of 5.37 and a beta of 0.99. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $58.73. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.80 earnings per share. sell-side analysts forecast that American Airlines Group will post 4.8 earnings per share for the current year.

In related news, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the sale, the chief executive officer now owns 1,925,242 shares in the company, valued at $100,728,661.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AAL. Westside Investment Management Inc. grew its position in American Airlines Group by 3.5% during the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares during the period. WFG Advisors LP grew its position in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after purchasing an additional 519 shares during the period. Exane Derivatives grew its position in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after purchasing an additional 2,090 shares during the period. IHT Wealth Management LLC grew its position in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after purchasing an additional 2,000 shares during the period. Finally, Blue Granite Capital LLC acquired a new stake in shares of American Airlines Group in the third quarter valued at about $131,000. Institutional investors own 81.20% of the company’s stock.

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About American Airlines Group

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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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