American Airlines Group (NASDAQ:AAL) had its price objective increased by analysts at Buckingham Research from $71.00 to $75.00 in a research report issued on Friday. The firm currently has a “buy” rating on the airline’s stock. Buckingham Research’s target price indicates a potential upside of 40.90% from the stock’s previous close.
A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Cowen lifted their price target on American Airlines Group from $55.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 10th. BidaskClub raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Airlines Group in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. American Airlines Group presently has a consensus rating of “Buy” and a consensus price target of $60.53.
Shares of American Airlines Group (NASDAQ AAL) traded up $0.18 on Friday, reaching $53.23. The company’s stock had a trading volume of 1,008,737 shares, compared to its average volume of 5,464,761. American Airlines Group has a 12 month low of $39.21 and a 12 month high of $59.08. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. The firm has a market cap of $25,380.00, a PE ratio of 13.54, a P/E/G ratio of 4.92 and a beta of 0.99.
In related news, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the completion of the transaction, the chief executive officer now directly 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. Insiders own 0.64% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in American Airlines Group in the 3rd quarter worth about $113,633,000. Hosking Partners LLP increased its stake in American Airlines Group by 0.4% during the 3rd quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock worth $111,359,000 after buying an additional 9,522 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in American Airlines Group by 2.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock worth $82,783,000 after buying an additional 42,130 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American Airlines Group by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,501,694 shares of the airline’s stock worth $75,560,000 after buying an additional 14,974 shares in the last quarter. Finally, Cyrus Capital Partners L.P. purchased a new stake in American Airlines Group during the 2nd quarter worth approximately $75,480,000. 81.27% of the stock is owned by institutional investors.
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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.
