American Airlines Group Inc. (AAL) Upgraded to Strong-Buy at Vetr Inc.
American Airlines Group Inc. (NASDAQ:AAL) was upgraded by stock analysts at Vetr from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday.
A number of other equities analysts have also weighed in on AAL. Credit Suisse Group AG reissued an “underweight” rating on shares of American Airlines Group in a research report on Saturday, June 25th. Deutsche Bank AG raised American Airlines Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, July 12th. Bank of America Corp. reissued an “underperform” rating and issued a $29.00 target price (up previously from $27.00) on shares of American Airlines Group in a research report on Friday, July 15th. Buckingham Research reissued a “buy” rating and issued a $44.00 target price on shares of American Airlines Group in a research report on Sunday, July 17th. Finally, Cowen and Company boosted their target price on American Airlines Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. Five analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.07.
American Airlines Group (NASDAQ:AAL) traded up 2.64% on Tuesday, reaching $39.60. 5,552,884 shares of the company’s stock traded hands. The company has a market cap of $20.98 billion, a PE ratio of 3.74 and a beta of 0.97. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $47.09. The firm’s 50 day moving average price is $37.00 and its 200 day moving average price is $34.85.
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American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.09. American Airlines Group had a net margin of 16.50% and a return on equity of 107.21%. The firm had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the previous year, the business posted $2.62 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts expect that American Airlines Group will post $5.44 EPS for the current fiscal year.
In other American Airlines Group news, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total value of $750,000.00. Following the sale, the executive vice president now owns 268,604 shares in the company, valued at $10,072,650. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the completion of the sale, the executive vice president now owns 196,907 shares in the company, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AAL. MSI Financial Services Inc raised its stake in American Airlines Group by 23.7% in the third quarter. MSI Financial Services Inc now owns 13,588 shares of the airline’s stock worth $497,000 after buying an additional 2,607 shares during the last quarter. Edge Wealth Management LLC acquired a new stake in American Airlines Group during the third quarter worth $366,000. Nisa Investment Advisors LLC raised its stake in American Airlines Group by 50.8% in the third quarter. Nisa Investment Advisors LLC now owns 134,825 shares of the airline’s stock worth $4,936,000 after buying an additional 45,425 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in American Airlines Group by 156.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 207,014 shares of the airline’s stock worth $7,579,000 after buying an additional 126,407 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in American Airlines Group by 20.0% in the third quarter. Advisory Services Network LLC now owns 6,685 shares of the airline’s stock worth $245,000 after buying an additional 1,114 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).
To view Vetr’s full report, visit Vetr’s official website.
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