Credit Suisse Group lowered shares of American Airlines Group (NASDAQ:AAL) from a neutral rating to an underperform rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. Credit Suisse Group currently has $30.00 price target on the airline’s stock, down from their previous price target of $32.00.
Other research analysts have also issued research reports about the company. Barclays raised their target price on NetEase from $300.00 to $320.00 and gave the company an overweight rating in a report on Monday, May 20th. Imperial Capital restated an outperform rating and issued a $5.50 target price (down previously from $11.00) on shares of Town Sports International in a report on Tuesday, April 30th. ValuEngine upgraded WEX from a hold rating to a buy rating in a report on Thursday, June 13th. Deutsche Bank lowered RIGHTMOVE PLC/ADR from a buy rating to a hold rating in a report on Monday, April 29th. Finally, BidaskClub lowered Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $42.38.
Shares of AAL stock traded up $0.09 during trading hours on Monday, reaching $33.03. The company had a trading volume of 5,733,118 shares, compared to its average volume of 7,018,390. American Airlines Group has a 12 month low of $27.02 and a 12 month high of $43.89. The firm has a fifty day moving average of $31.11. The company has a market capitalization of $14.65 billion, a P/E ratio of 7.26 and a beta of 1.69.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, April 26th. The airline reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts predict that American Airlines Group will post 5.08 EPS for the current year.
In other news, CEO W Douglas Parker bought 50,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $28.09 per share, for a total transaction of $1,404,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,201,636 shares in the company, valued at approximately $61,843,955.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill bought 25,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $28.60 per share, for a total transaction of $715,000.00. Following the completion of the purchase, the director now owns 3,494 shares of the company’s stock, valued at $99,928.40. The disclosure for this purchase can be found here. Insiders have purchased 95,000 shares of company stock worth $2,674,350 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of AAL. Accurate Investment Solutions Inc. raised its stake in shares of American Airlines Group by 100.0% in the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after buying an additional 400 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in shares of American Airlines Group by 69.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock valued at $34,000 after buying an additional 437 shares during the period. Howe & Rusling Inc. bought a new stake in shares of American Airlines Group in the first quarter valued at $39,000. Valeo Financial Advisors LLC raised its stake in shares of American Airlines Group by 1,030.9% in the first quarter. Valeo Financial Advisors LLC now owns 1,244 shares of the airline’s stock valued at $40,000 after buying an additional 1,134 shares during the period. Finally, CWM LLC purchased a new position in shares of American Airlines Group in the first quarter valued at $43,000. Hedge funds and other institutional investors own 79.37% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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