American Airlines Group, Inc. (AAL) Given Buy Rating at Buckingham Research

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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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