American Airlines Group, Inc. (AAL) Given Consensus Rating of “Hold” by Analysts
Shares of American Airlines Group, Inc. (NASDAQ:AAL) have been given an average rating of “Hold” by the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $57.42.
Several analysts have weighed in on the company. Morgan Stanley reissued an “equal weight” rating and issued a $54.00 target price (up previously from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Sanford C. Bernstein reissued a “market perform” rating and issued a $52.00 target price on shares of American Airlines Group in a report on Thursday, July 13th. Citigroup Inc. upped their target price on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Imperial Capital reissued an “in-line” rating and issued a $49.00 target price (up previously from $43.00) on shares of American Airlines Group in a report on Sunday, July 23rd.
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In other news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the transaction, the executive vice president now directly owns 161,476 shares in the company, valued at approximately $7,746,003.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AAL. Thrivent Financial For Lutherans raised its holdings in shares of American Airlines Group by 2.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 21,377 shares of the airline’s stock worth $915,000 after purchasing an additional 550 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Airlines Group by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,486,720 shares of the airline’s stock worth $62,889,000 after purchasing an additional 14,471 shares during the period. Credit Suisse AG raised its holdings in shares of American Airlines Group by 25.0% in the 1st quarter. Credit Suisse AG now owns 523,954 shares of the airline’s stock worth $22,162,000 after purchasing an additional 104,645 shares during the period. Janus Capital Management LLC raised its holdings in shares of American Airlines Group by 351.2% in the 1st quarter. Janus Capital Management LLC now owns 168,117 shares of the airline’s stock worth $7,112,000 after purchasing an additional 130,857 shares during the period. Finally, Achmea Investment Management B.V. purchased a new position in shares of American Airlines Group in the 1st quarter worth about $232,000. Institutional investors own 82.68% of the company’s stock.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. American Airlines Group’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 annualized dividend and a yield of 0.85%. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.
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.
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