American Airlines Group (NASDAQ:AAL) Raised to Buy at Scotiabank

American Airlines Group (NASDAQ:AAL) was upgraded by equities research analysts at Scotiabank from a “neutral” rating to a “buy” rating in a research report issued on Thursday,Benzinga reports. The firm currently has a $20.00 price target on the airline’s stock. Scotiabank’s price target would indicate a potential upside of 13.64% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Susquehanna increased their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Bank of America lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, Evercore ISI raised their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $14.29.

American Airlines Group Stock Up 18.3 %

American Airlines Group stock traded up $2.72 during midday trading on Thursday, hitting $17.60. 91,168,097 shares of the stock were exchanged, compared to its average volume of 33,816,516. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $17.78. The business’s 50-day moving average price is $13.21 and its 200-day moving average price is $11.78. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of American Airlines Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Tidal Investments LLC lifted its position in American Airlines Group by 63.1% during the third quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock valued at $745,000 after buying an additional 25,637 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in American Airlines Group by 162.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 140,255 shares of the airline’s stock worth $1,576,000 after purchasing an additional 86,847 shares during the period. Toronto Dominion Bank increased its stake in shares of American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $5,463,000. Finally, EP Wealth Advisors LLC boosted its holdings in American Airlines Group by 8.6% in the third quarter. EP Wealth Advisors LLC now owns 28,994 shares of the airline’s stock worth $326,000 after acquiring an additional 2,286 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

About American Airlines Group

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.