American Airlines Group Inc. (NASDAQ:AAL) has earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $41.67.
A number of equities research analysts recently commented on AAL shares. Deutsche Bank AG upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, July 12th. Buckingham Research reissued a “buy” rating and set a $44.00 price objective on shares of American Airlines Group in a research note on Sunday, July 17th. Morgan Stanley set a $41.00 price objective on American Airlines Group and gave the stock a “buy” rating in a research note on Thursday, August 18th. Vetr cut American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $41.42 price objective on the stock. in a research note on Tuesday, August 30th. Finally, Imperial Capital assumed coverage on American Airlines Group in a research note on Friday, August 26th. They set an “in-line” rating and a $40.00 price objective on the stock.
American Airlines Group (NASDAQ:AAL) traded up 0.80% during midday trading on Wednesday, reaching $37.93. The company’s stock had a trading volume of 2,961,308 shares. The company’s 50-day moving average is $36.54 and its 200 day moving average is $35.02. American Airlines Group has a 12-month low of $24.85 and a 12-month high of $47.09. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 3.58 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.27 billion. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.62 earnings per share. Equities analysts forecast that American Airlines Group will post $5.43 earnings per share for the current year.
In other American Airlines Group news, EVP Beverly K. Goulet sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $35.00, for a total transaction of $700,000.00. Following the completion of the sale, the executive vice president now owns 308,604 shares in the company, valued at $10,801,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the sale, the executive vice president now owns 196,907 shares of the company’s stock, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new stake in American Airlines Group during the second quarter worth $108,000. Westbourne Investment Advisors Inc. bought a new stake in American Airlines Group during the second quarter worth $115,000. Checchi Capital Advisers LLC raised its stake in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares in the last quarter. Evercore Wealth Management LLC raised its stake in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares in the last quarter. Finally, Zions Bancorporation raised its stake in American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock worth $165,000 after buying an additional 3,932 shares in the last quarter. Institutional investors own 74.62% of the company’s stock.
About American Airlines Group
American Airlines Group Inc (AAG) is a holding company 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).
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