Bank of America upgraded shares of American Airlines Group (NASDAQ:AAL) from an underperform rating to a buy rating in a research note published on Tuesday morning. Bank of America currently has $64.00 price objective on the airline’s stock.
Other research analysts have also issued research reports about the stock. BidaskClub upgraded shares of American Airlines Group from a strong sell rating to a sell rating in a research report on Thursday, September 14th. Barclays reaffirmed a hold rating and issued a $55.00 price objective on shares of American Airlines Group in a research note on Thursday, September 14th. Zacks Investment Research lowered shares of American Airlines Group from a hold rating to a strong sell rating in a research note on Monday, October 2nd. Morgan Stanley reissued an equal weight rating and set a $51.00 target price (up previously from $47.00) on shares of American Airlines Group in a research note on Monday, October 2nd. Finally, Cowen lifted their target price on shares of American Airlines Group from $55.00 to $56.00 and gave the company an outperform rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. American Airlines Group presently has an average rating of Buy and an average target price of $60.16.
American Airlines Group (AAL) traded up $1.70 during midday trading on Tuesday, hitting $53.78. 7,650,000 shares of the company were exchanged, compared to its average volume of 4,110,000. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. The firm has a market capitalization of $25,730.00, a price-to-earnings ratio of 13.68 and a beta of 0.99. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $54.48.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 earnings per share. analysts forecast that American Airlines Group will post 4.66 EPS for the current year.
In related news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of American Airlines Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at $265,000. Daiwa Securities Group Inc. raised its holdings in American Airlines Group by 215.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock worth $1,493,000 after acquiring an additional 21,478 shares during the period. Virtu KCG Holdings LLC bought a new position in American Airlines Group in the 2nd quarter worth $322,000. Alyeska Investment Group L.P. bought a new position in American Airlines Group in the 3rd quarter worth $2,409,000. Finally, U S Global Investors Inc. raised its holdings in American Airlines Group by 1.7% in the 3rd quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock worth $14,354,000 after acquiring an additional 5,014 shares during the period. 81.20% of the stock is owned by institutional investors and hedge funds.
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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.
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