American Airlines Group, Inc. (AAL) Receives Average Rating of “Hold” from Brokerages
American Airlines Group, Inc. (NASDAQ:AAL) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $53.74.
Several equities analysts have commented on AAL shares. J P Morgan Chase & Co lowered shares of American Airlines Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $59.00 to $52.00 in a report on Thursday, April 27th. Barclays PLC reissued a “hold” rating and issued a $58.00 target price on shares of American Airlines Group in a report on Friday, April 28th. Buckingham Research reissued a “buy” rating and issued a $70.00 target price (up from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 target price (down from $54.00) on shares of American Airlines Group in a report on Thursday. Finally, ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd.
Shares of American Airlines Group (AAL) opened at 45.55 on Friday. American Airlines Group has a 1-year low of $33.90 and a 1-year high of $54.48. The company has a 50-day moving average of $50.80 and a 200-day moving average of $46.88. The company has a market cap of $22.18 billion, a PE ratio of 11.31 and a beta of 0.96. American Airlines Group also was the recipient of some unusual options trading activity on Thursday. Stock traders bought 23,622 call options on the stock. This is an increase of 192% compared to the typical daily volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. During the same period last year, the firm earned $1.77 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that American Airlines Group will post $5.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, August 10th. American Airlines Group’s payout ratio is 9.88%.
In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now directly owns 591,195 shares in the company, valued at $29,559,750. The disclosure for this sale can be found here. Insiders have sold a total of 197,623 shares of company stock worth $9,869,666 over the last three months. Insiders own 0.64% of the company’s stock.
Large investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in American Airlines Group during the second quarter worth $106,000. Westside Investment Management Inc. raised its stake in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the last quarter. First Manhattan Co. raised its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the last quarter. WFG Advisors LP raised its stake in American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after buying an additional 519 shares during the last quarter. Finally, D. Scott Neal Inc. acquired a new stake in American Airlines Group during the second quarter worth $120,000. 81.22% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/19/american-airlines-group-inc-aal-receives-average-rating-of-hold-from-brokerages.html.
About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.