Stock Worth Watching: What’s in American Airlines Group Inc After Achieving 52-Week High?

Stock Worth Watching: What's in American Airlines Group Inc After Achieving 52 Week High?

The stock of American Airlines Group Inc (NASDAQ:AAL) hit a new 52-week high and has $60.29 target or 30.00% above today’s $46.38 share price. The 5 months bullish chart indicates low risk for the $24.26B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $60.29 price target is reached, the company will be worth $7.28B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 434,321 shares traded hands. American Airlines Group Inc (NASDAQ:AAL) has risen 11.90% since April 19, 2016 and is uptrending. It has outperformed by 8.04% the S&P500.

American Airlines Group Inc (NASDAQ:AAL) Ratings Coverage

Out of 19 analysts covering American Airlines Group (NASDAQ:AAL), 9 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 47% are positive. $66 is the highest target while $28 is the lowest. The $43.81 average target is -5.54% below today’s ($46.38) stock price. American Airlines Group has been the topic of 31 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Solid Sell” rating on Tuesday, August 11 by Zacks. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 12. The firm has “Buy” rating given on Thursday, March 24 by Stifel Nicolaus. The stock of American Airlines Group Inc (NASDAQ:AAL) has “Outperform” rating given on Wednesday, September 2 by Imperial Capital. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Equal-Weight” rating by Stephens on Tuesday, March 29. Morgan Stanley upgraded American Airlines Group Inc (NASDAQ:AAL) rating on Thursday, April 28. Morgan Stanley has “Overweight” rating and $46 price target. As per Thursday, June 16, the company rating was downgraded by Bank of America. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, September 1 report. The stock of American Airlines Group Inc (NASDAQ:AAL) has “Mkt Perform” rating given on Wednesday, September 21 by Raymond James. The stock has “Underperform” rating given by Bernstein on Tuesday, October 11.

According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”

Insitutional Activity: The institutional sentiment decreased to 0.46 in 2016 Q2. Its down 0.14, from 0.6 in 2016Q1. The ratio turned negative, as 111 funds sold all American Airlines Group Inc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.
Nuveen Asset Mngmt Ltd Company holds 0.64% or 3.69M shares in its portfolio. Maverick Capital has 0.01% invested in the company for 19,150 shares. Wellington Shields & Com Ltd Com, a New York-based fund reported 61,600 shares. Gateway Advisers Lc last reported 593,448 shares in the company. The Connecticut-based Cubist Systematic Strategies Lc has invested 0.03% in American Airlines Group Inc (NASDAQ:AAL). Estabrook Capital Mngmt holds 0% of its portfolio in American Airlines Group Inc (NASDAQ:AAL) for 1,000 shares. Johnson Financial holds 0% of its portfolio in American Airlines Group Inc (NASDAQ:AAL) for 216 shares. Finance Architects holds 1,600 shares or 0.01% of its portfolio. Jacobs Levy Equity Management Inc, a New Jersey-based fund reported 21,500 shares. Euclid Advsrs Ltd Liability Co, a Connecticut-based fund reported 18,080 shares. Stoneridge Prtnrs Ltd Com has invested 0.79% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Us Bancorp De has invested 0% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Bnp Paribas Invest Prtn Sa holds 25,468 shares or 0.01% of its portfolio. Plante Moran Advisors Lc has 0.21% invested in the company for 10,020 shares. Davenport & Limited Liability Corporation last reported 169,436 shares in the company.

Insider Transactions: Since June 13, 2016, the stock had 1 buy, and 7 sales for $14.36 million net activity. Leibman Maya had sold 10,000 shares worth $363,432. The insider Nocella Andrew P sold 171,383 shares worth $6.97 million. GOULET – BEVERLY K. sold 20,000 shares worth $750,000. On Monday, June 13 SCHIFTER RICHARD P bought $96,390 worth of the stock or 3,000 shares. 89,556 American Airlines Group Inc (NASDAQ:AAL) shares with value of $4.02 million were sold by EBERWEIN ELISE R.

More important recent American Airlines Group Inc (NASDAQ:AAL) news were published by: Investorplace.com which released: “Did Buffett Buy American Airlines Group Inc (AAL) Stock? Not Exactly.” on November 15, 2016, also Fool.com published article titled: “Why American Airlines Group, Inc. Stock Rose 10.9% in October”, Reuters.com published: “BRIEF-American Airlines Group Inc & American Airlines Inc entered into a f…” on November 01, 2016. More interesting news about American Airlines Group Inc (NASDAQ:AAL) was released by: Wsj.com and their article: “Unusual Failure in American Airlines’ Jet Engine Prompts Investigation” with publication date: October 30, 2016.

AAL Company Profile

American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm 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) that operate under capacity purchase agreements as American Eagle.

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