American Airlines Group Given Average Rating of “Buy” by Analysts (NASDAQ:AAL)
American Airlines Group (NASDAQ:AAL) has earned a consensus rating of “Buy” from the fourteen analysts that are covering the company, American Banking & Market News reports. Two analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $48.39.
Shares of American Airlines Group (NASDAQ:AAL) opened at 41.68 on Wednesday. American Airlines Group has a 52-week low of $15.28 and a 52-week high of $44.88. The stock has a 50-day moving average of $42.64 and a 200-day moving average of $37.53. The company’s market cap is $30.018 billion.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.05. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.31 billion. The company’s revenue for the quarter was up 76.1% on a year-over-year basis. On average, analysts predict that American Airlines Group will post $5.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Monday, August 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, July 31st.
AAL has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of American Airlines Group from $45.00 to $54.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Atlantic Securities initiated coverage on shares of American Airlines Group in a research note on Wednesday, July 16th. They set an “overweight” rating and a $51.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of American Airlines Group from $41.00 to $47.00 in a research note on Friday, July 11th. They now have an “equal weight” rating on the stock.
American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).
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