Price Action To Observe: American Airlines Group Inc Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Price Action To Observe: American Airlines Group Inc Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of American Airlines Group Inc (NASDAQ:AAL) hit a new 52-week high and has $51.18 target or 9.00% above today’s $46.95 share price. The 8 months bullish chart indicates low risk for the $24.16B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $51.18 price target is reached, the company will be worth $2.17B 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 2.32M shares traded hands. American Airlines Group Inc (NASDAQ:AAL) has risen 25.95% since April 26, 2016 and is uptrending. It has outperformed by 20.69% the S&P500.

Analysts await American Airlines Group Inc (NASDAQ:AAL) to report earnings on February, 3. They expect $0.66 EPS, down 67.00% or $1.34 from last year’s $2 per share. AAL’s profit will be $339.63M for 17.78 P/E if the $0.66 EPS becomes a reality. After $2.80 actual EPS reported by American Airlines Group Inc for the previous quarter, Wall Street now forecasts -76.43% negative EPS growth.

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 $44.31 average target is -5.62% below today’s ($46.95) stock price. American Airlines Group has been the topic of 32 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained American Airlines Group Inc (NASDAQ:AAL) on Monday, October 12 with “Buy” rating. The firm earned “Hold” rating on Friday, April 1 by Deutsche Bank. The rating was downgraded by Vetr on Thursday, August 27 to “Strong-Buy”. The rating was maintained by Imperial Capital on Wednesday, September 2 with “Outperform”. JP Morgan maintained it with “Overweight” rating and $50.50 target price in Thursday, February 4 report. On Tuesday, March 29 the stock rating was initiated by Stephens with “Equal-Weight”. Bernstein initiated the shares of AAL in a report on Tuesday, October 11 with “Underperform” rating. The firm has “Outperform” rating given on Thursday, January 7 by Credit Suisse. The firm earned “In-Line” rating on Friday, August 26 by Imperial Capital. The stock has “Hold” rating given by Evercore on Tuesday, October 13.

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 is 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.
First Trust Advsr L P, a Illinois-based fund reported 575,729 shares. Jnba Fincl Advisors holds 2,135 shares or 0.02% of its portfolio. First Personal Finance Services holds 0% or 430 shares in its portfolio. Connor Clark & Lunn Ltd holds 0.07% or 317,600 shares in its portfolio. Contrarian Mngmt Ltd Llc holds 699,848 shares or 13.6% of its portfolio. Allianz Asset Mngmt Ag reported 768,477 shares or 0.01% of all its holdings. Palo Capital has 41,800 shares for 0.41% of their US portfolio. Loomis Sayles & Ltd Partnership has 0% invested in the company for 135 shares. Dekabank Deutsche Girozentrale last reported 0.07% of its portfolio in the stock. Canada Pension Plan Investment Board last reported 0% of its portfolio in the stock. Quantitative Systematic Strategies Ltd Co last reported 28,987 shares in the company. Lsv Asset Mngmt holds 986,007 shares or 0.06% of its portfolio. Sg Americas Ltd Limited Liability Company last reported 0.09% of its portfolio in the stock. Commonwealth Comml Bank Of Australia last reported 57,100 shares in the company. Johnson Financial Gru Incorporated owns 216 shares or 0% of their US portfolio.

Insider Transactions: Since June 13, 2016, the stock had 1 buy, and 9 insider sales for $15.05 million net activity. The insider GOULET – BEVERLY K. sold $800,000. The insider SCHIFTER RICHARD P bought $96,390. $6.97M worth of American Airlines Group Inc (NASDAQ:AAL) was sold by Nocella Andrew P on Monday, October 31. The insider Leibman Maya sold 10,000 shares worth $363,432. Another trade for 89,556 shares valued at $4.02 million was made by EBERWEIN ELISE R on Tuesday, November 15.

More notable recent American Airlines Group Inc (NASDAQ:AAL) news were published by: Wsj.com which released: “American Airlines, Qantas Drop Bid for Deeper Partnership Amid DOT Pushback” on November 28, 2016, also Wsj.com with their article: “Airlines Launch Flights From US to Havana” published on November 28, 2016, Fool.com published: “Why American Airlines Group, Inc. Stock Rose 10.9% in October” on November 02, 2016. More interesting news about American Airlines Group Inc (NASDAQ:AAL) were released by: Investorplace.com and their article: “Did Buffett Buy American Airlines Group Inc (AAL) Stock? Not Exactly.” published on November 15, 2016 as well as Wsj.com‘s news article titled: “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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