Shares of American Airlines Group Inc (NASDAQ:AAL) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.94.
AAL has been the subject of a number of research analyst reports. Standpoint Research initiated coverage on shares of American Airlines Group in a report on Wednesday, June 5th. They set a “buy” rating for the company. Macquarie downgraded shares of American Airlines Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $34.00 in a report on Monday, July 29th. Buckingham Research decreased their price objective on shares of American Airlines Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, July 11th. BidaskClub upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Credit Suisse Group downgraded shares of American Airlines Group from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $32.00 to $30.00 in a report on Monday, July 8th.
Shares of AAL traded up $0.01 during trading hours on Friday, reaching $29.95. 4,319,792 shares of the stock traded hands, compared to its average volume of 7,015,776. The stock has a fifty day simple moving average of $27.93 and a 200 day simple moving average of $31.33. American Airlines Group has a 52 week low of $24.23 and a 52 week high of $43.89. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.36 and a beta of 1.72.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.05. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.98 billion. During the same period last year, the firm earned $1.63 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that American Airlines Group will post 4.9 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.40 annualized dividend and a yield of 1.34%. American Airlines Group’s payout ratio is presently 8.79%.
In other American Airlines Group news, Director Michael J. Embler acquired 4,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $28.18 per share, for a total transaction of $112,720.00. Following the acquisition, the director now owns 30,969 shares in the company, valued at approximately $872,706.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray M. Robinson sold 6,930 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $29.11, for a total transaction of $201,732.30. Following the completion of the sale, the director now owns 29,754 shares of the company’s stock, valued at $866,138.94. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of American Airlines Group in the second quarter worth $25,000. NEXT Financial Group Inc grew its position in shares of American Airlines Group by 4,545.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock worth $33,000 after buying an additional 1,000 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of American Airlines Group by 69.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock worth $34,000 after buying an additional 437 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of American Airlines Group in the 2nd quarter worth about $58,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of American Airlines Group in the 2nd quarter worth about $65,000. Hedge funds and other institutional investors own 79.11% 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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