American Airlines Group Inc (NASDAQ:AAL) has received an average recommendation of “Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $59.77.
A number of research analysts recently weighed in on AAL shares. J P Morgan Chase & Co raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 1st. Cowen raised their price target on shares of American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, October 10th. Buckingham Research restated a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. BidaskClub downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th.
American Airlines Group (NASDAQ AAL) opened at $52.79 on Friday. 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 has a 12-month low of $39.21 and a 12-month high of $54.48. The firm has a market cap of $24,843.67, a PE ratio of 10.66 and a beta of 0.99.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the firm earned $2.80 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. research analysts predict that American Airlines Group will post 4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.
In related news, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AAL. Westside Investment Management Inc. increased its stake in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after purchasing an additional 72 shares in the last quarter. WFG Advisors LP increased its stake in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after purchasing an additional 519 shares in the last quarter. Exane Derivatives increased its stake in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after purchasing an additional 2,090 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Blue Granite Capital LLC purchased a new position in shares of American Airlines Group in the third quarter worth about $131,000. Hedge funds and other institutional investors own 81.20% of the company’s stock.
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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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