American Airlines Group Inc (NASDAQ:AAL) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Wednesday. They presently have a $48.52 target price on the airline’s stock. Vetr‘s price target points to a potential upside of 16.24% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on AAL. Citigroup Inc reaffirmed a “buy” rating on shares of American Airlines Group in a report on Tuesday, December 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a $55.00 price target on shares of American Airlines Group in a report on Tuesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 price target on shares of American Airlines Group in a report on Wednesday, February 22nd. Imperial Capital lifted their price target on American Airlines Group from $43.00 to $49.00 and gave the company an “in-line” rating in a report on Tuesday, November 22nd. Finally, Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a 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 issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.68.
Shares of American Airlines Group (NASDAQ:AAL) traded down 0.34% during midday trading on Wednesday, reaching $41.60. The company’s stock had a trading volume of 317,015 shares. The stock’s 50 day moving average is $44.59 and its 200 day moving average is $43.48. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $50.64. The stock has a market capitalization of $20.97 billion, a PE ratio of 8.65 and a beta of 0.93.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, January 27th. The airline reported $0.92 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.92. American Airlines Group had a return on equity of 86.54% and a net margin of 6.66%. The company earned $9.79 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. American Airlines Group’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts forecast that American Airlines Group will post $4.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Monday, February 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. American Airlines Group’s dividend payout ratio is currently 8.37%.
In other American Airlines Group news, Director Ray M. Robinson sold 8,000 shares of American Airlines Group stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $45.22, for a total transaction of $361,760.00. Following the transaction, the director now directly owns 35,077 shares in the company, valued at approximately $1,586,181.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 9,455 shares of American Airlines Group stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $46.79, for a total transaction of $442,399.45. Following the transaction, the executive vice president now owns 165,884 shares in the company, valued at $7,761,712.36. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 23,500 shares of company stock worth $17,025 and sold 135,290 shares worth $6,478,013. 0.64% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Van Hulzen Asset Management LLC purchased a new position in American Airlines Group during the third quarter valued at $106,000. Cribstone Capital Management LLC boosted its position in American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management LLC now owns 4,105 shares of the airline’s stock valued at $161,000 after buying an additional 275 shares during the last quarter. Intellectus Partners LLC purchased a new position in American Airlines Group during the fourth quarter valued at $209,000. Pinnacle Associates Ltd. purchased a new position in American Airlines Group during the fourth quarter valued at $214,000. Finally, Evercore Wealth Management LLC boosted its position 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 valued at $130,000 after buying an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.
American Airlines Group Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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