American Airlines Group Stock Rating Reaffirmed by Goldman Sachs (AAL)
AAL has been the subject of a number of other recent research reports. Analysts at CRT Capital cut their price target on shares of American Airlines Group from $52.00 to $48.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.03.
Shares of American Airlines Group (NASDAQ:AAL) traded down 2.71% on Monday, hitting $40.55. 7,158,924 shares of the company’s stock traded hands. American Airlines Group has a 1-year low of $15.28 and a 1-year high of $44.88. The stock’s 50-day moving average is $42.64 and its 200-day moving average is $37.53. The company’s market cap is $29.200 billion.
American Airlines Group (NASDAQ:AAL) last announced its earnings results 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. Analysts expect that American Airlines Group will post $5.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Investors of record on Monday, August 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, July 31st.
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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