American Airlines Group (NASDAQ:AAL)‘s stock had its “hold” rating reiterated by research analysts at Stephens in a report released on Friday. They currently have a $61.00 price target on the airline’s stock. Stephens’ price objective would suggest a potential upside of 14.94% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. Buckingham Research reiterated a “buy” rating and set a $71.00 target price (up from $66.00) on shares of American Airlines Group in a research report on Thursday, January 11th. Imperial Capital reiterated an “in-line” rating and issued a $53.00 target price (up from $47.00) on shares of American Airlines Group in a research report on Thursday, January 11th. Citigroup boosted their target price on American Airlines Group to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Bank of America upgraded American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, January 9th. Finally, BidaskClub downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $61.10.
American Airlines Group (NASDAQ:AAL) traded up $0.02 during midday trading on Friday, reaching $53.07. The company had a trading volume of 7,054,952 shares, compared to its average volume of 4,960,000. The stock has a market capitalization of $25,390.00, a P/E ratio of 13.57, a PEG ratio of 4.13 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 5.73. American Airlines Group has a 12 month low of $39.21 and a 12 month high of $59.08.
In other American Airlines Group news, 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 sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. 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 modified their holdings of the business. Boston Partners bought a new position in shares of American Airlines Group during the third quarter valued at approximately $113,633,000. Hosking Partners LLP boosted its holdings in shares of American Airlines Group by 0.4% in the third quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock valued at $111,359,000 after purchasing an additional 9,522 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of American Airlines Group by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock valued at $82,783,000 after purchasing an additional 42,130 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of American Airlines Group by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,501,694 shares of the airline’s stock valued at $75,560,000 after purchasing an additional 14,974 shares during the period. Finally, Cyrus Capital Partners L.P. purchased a new stake in shares of American Airlines Group in the second quarter valued at approximately $75,480,000. 81.27% of the stock is currently 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.
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