American Airlines Group Inc (AAL) Given Consensus Rating of “Buy” by Brokerages
American Airlines Group Inc (NASDAQ:AAL) has been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $61.61.
A number of research firms have recently issued reports on AAL. Buckingham Research reissued a “buy” rating and issued a $71.00 price target (up from $66.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Citigroup boosted their price target on shares of American Airlines Group to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Imperial Capital reissued an “in-line” rating and issued a $53.00 price target (up from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. BidaskClub raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Bank of America raised shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Tuesday, January 9th.
In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the transaction, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
Shares of American Airlines Group (NASDAQ AAL) opened at $58.47 on Tuesday. The stock has a market cap of $27,977.84, a P/E ratio of 14.88, a PEG ratio of 5.27 and a beta of 0.99. American Airlines Group has a 52 week low of $39.21 and a 52 week high of $58.73. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. sell-side analysts anticipate that American Airlines Group will post 4.8 earnings per share for the current fiscal year.
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American Airlines Group Company Profile
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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