Buckingham Research reissued their buy rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research report sent to investors on Friday, October 27th.
A number of other research firms have also issued reports on AAL. Morgan Stanley reaffirmed an equal weight rating and issued a $52.00 price target (down previously from $54.00) on shares of American Airlines Group in a research report on Thursday, August 17th. Sanford C. Bernstein reaffirmed a market perform rating and issued a $52.00 price target on shares of American Airlines Group in a research report on Thursday, July 13th. Macquarie assumed coverage on American Airlines Group in a research report on Monday, September 25th. They issued a neutral rating and a $47.00 price target on the stock. Citigroup Inc. raised their target price on American Airlines Group from $58.00 to $67.00 and gave the stock a buy rating in a research report on Thursday, July 13th. Finally, Raymond James Financial, Inc. raised American Airlines Group from a market perform rating to an outperform rating and set a $58.00 target price on the stock in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $58.47.
American Airlines Group (NASDAQ AAL) opened at $45.82 on Friday. American Airlines Group has a twelve month low of $39.21 and a twelve month high of $54.48. The company has a market capitalization of $21,900.90, a PE ratio of 9.40 and a beta of 0.97. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. American Airlines Group’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.80 EPS. equities analysts anticipate that American Airlines Group will post 4.64 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.
In related news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the sale, the director now directly owns 29,938 shares in the company, valued at $1,399,900.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.64% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of AAL. Boston Partners acquired a new position in American Airlines Group during the third quarter worth $113,633,000. Cyrus Capital Partners L.P. acquired a new position in shares of American Airlines Group in the second quarter worth $75,480,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after acquiring an additional 924,800 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of American Airlines Group by 111.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock worth $67,237,000 after acquiring an additional 703,617 shares during the last quarter. Finally, AJO LP raised its holdings in shares of American Airlines Group by 193.2% in the second quarter. AJO LP now owns 952,263 shares of the airline’s stock worth $47,918,000 after acquiring an additional 627,426 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.
About American Airlines Group
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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