Raymond James Financial, Inc. upgraded shares of American Airlines Group, Inc. (NASDAQ:AAL) from a market perform rating to an outperform rating in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $58.00 price objective on the airline’s stock.

Several other brokerages also recently commented on AAL. Buckingham Research reiterated a buy rating and set a $70.00 price target (up previously from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Morgan Stanley reiterated an equal weight rating and set a $52.00 price target (down previously from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. ValuEngine upgraded American Airlines Group from a buy rating to a strong-buy rating in a report on Friday, June 2nd. Sanford C. Bernstein reiterated a market perform rating and set a $52.00 price target on shares of American Airlines Group in a report on Thursday, July 13th. Finally, Vetr downgraded American Airlines Group from a strong-buy rating to a buy rating and set a $53.62 price target on the stock. in a report on Monday, May 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $57.44.

American Airlines Group (AAL) opened at 47.06 on Wednesday. American Airlines Group has a one year low of $33.90 and a one year high of $54.48. The firm has a 50-day moving average price of $46.60 and a 200-day moving average price of $46.73. The firm has a market cap of $22.92 billion, a PE ratio of 11.68 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter last year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that American Airlines Group will post $4.70 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/09/24/american-airlines-group-inc-aal-raised-to-outperform-at-raymond-james-financial-inc.html.

The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.85%. American Airlines Group’s dividend payout ratio (DPR) is currently 9.88%.

In related news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the transaction, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,476 shares of company stock valued at $3,159,738. 0.64% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of AAL. MCF Advisors LLC bought a new position in shares of American Airlines Group during the second quarter valued at $106,000. Westside Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 72 shares during the period. First Manhattan Co. lifted its holdings in shares of American Airlines Group by 3.3% during the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after acquiring an additional 75 shares during the period. WFG Advisors LP lifted its holdings in shares of American Airlines Group by 28.1% during the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after acquiring an additional 519 shares during the period. Finally, D. Scott Neal Inc. bought a new position in shares of American Airlines Group during the second quarter valued at $120,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.