Vetr cut shares of Advantage Lithium Corp (NASDAQ:AAL) from a strong-buy rating to a buy rating in a report issued on Wednesday morning. The brokerage currently has $43.00 target price on the stock.
AAL has been the subject of a number of other reports. Morgan Stanley reaffirmed an overweight rating on shares of Advantage Lithium Corp in a research report on Friday, December 16th. Deutsche Bank AG reaffirmed a buy rating and issued a $55.00 target price on shares of Advantage Lithium Corp in a research report on Tuesday, January 31st. Barclays PLC assumed coverage on Advantage Lithium Corp in a research report on Thursday, December 15th. They issued an equal weight rating and a $62.00 target price for the company. Imperial Capital boosted their target price on Advantage Lithium Corp from $51.00 to $52.00 and gave the company an in-line rating in a research report on Tuesday, January 31st. Finally, Zacks Investment Research lowered Advantage Lithium Corp from a buy rating to a hold rating in a research report on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of C$44.97.
Advantage Lithium Corp (NASDAQ:AAL) opened at 41.73 on Wednesday. Advantage Lithium Corp has a 12 month low of $24.85 and a 12 month high of $50.64. The company’s 50-day moving average price is $44.66 and its 200 day moving average price is $43.38. The firm has a market capitalization of $21.04 billion and a PE ratio of 8.68.
Advantage Lithium Corp (NASDAQ:AAL) last posted its quarterly earnings data on Friday, January 27th. The company reported $0.92 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. The business earned $9.79 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same period last year, the business posted $2.00 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Advantage Lithium Corp will post $4.62 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Monday, February 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.40 annualized dividend and a yield of 0.96%.
In other Advantage Lithium Corp news, Director Ray M. Robinson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of C$45.22, for a total value of C$361,760.00. Following the completion of the sale, the director now directly owns 35,077 shares in the company, valued at C$1,586,181.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman W Douglas Parker sold 4,129 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of C$49.00, for a total transaction of C$202,321.00. Following the completion of the sale, the chairman now owns 1,631,370 shares of the company’s stock, valued at C$79,937,130. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 23,500 shares of company stock valued at $17,025 and have sold 135,290 shares valued at $6,478,013.
Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Advantage Lithium Corp by 3.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 85,857,915 shares of the company’s stock worth $3,143,258,000 after buying an additional 2,634,064 shares in the last quarter. State Street Corp increased its position in shares of Advantage Lithium Corp by 5.4% in the fourth quarter. State Street Corp now owns 18,690,799 shares of the company’s stock worth $872,668,000 after buying an additional 962,400 shares in the last quarter. FMR LLC increased its position in shares of Advantage Lithium Corp by 36.2% in the fourth quarter. FMR LLC now owns 17,157,776 shares of the company’s stock worth $801,096,000 after buying an additional 4,560,205 shares in the last quarter. Morgan Stanley increased its position in shares of Advantage Lithium Corp by 51.7% in the third quarter. Morgan Stanley now owns 3,954,493 shares of the company’s stock worth $144,774,000 after buying an additional 1,347,744 shares in the last quarter. Finally, Hosking Partners LLP increased its position in shares of Advantage Lithium Corp by 13.7% in the third quarter. Hosking Partners LLP now owns 2,693,718 shares of the company’s stock worth $98,617,000 after buying an additional 324,657 shares in the last quarter.
About Advantage Lithium Corp
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.
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