American Airlines Group Inc (AAL) Receives Consensus Recommendation of “Buy” from Brokerages

American Airlines Group Inc (NASDAQ:AAL) has been given an average recommendation of “Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $61.56.

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $52.59 to $62.00 in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, January 31st. Morgan Stanley increased their price objective on shares of American Airlines Group from $58.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Buckingham Research increased their price objective on shares of American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Stephens reiterated a “hold” rating and set a $61.00 price objective on shares of American Airlines Group in a report on Friday, January 26th.

In other American Airlines Group news, Director Matthew J. Hart sold 35,182 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $51.90, for a total value of $1,825,945.80. Following the completion of the sale, the director now owns 33,258 shares of the company’s stock, valued at $1,726,090.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of the 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 disclosure for this sale can be found here. Insiders sold 306,645 shares of company stock worth $16,027,947 in the last 90 days. 0.64% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of AAL. Boston Partners acquired a new stake in American Airlines Group in the third quarter valued at approximately $113,633,000. Ameriprise Financial Inc. grew its position in American Airlines Group by 162.3% in the third quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock valued at $43,332,000 after acquiring an additional 564,627 shares in the last quarter. RWC Asset Management LLP grew its position in American Airlines Group by 36.8% in the fourth quarter. RWC Asset Management LLP now owns 1,445,910 shares of the airline’s stock valued at $75,231,000 after acquiring an additional 388,765 shares in the last quarter. Russell Investments Group Ltd. grew its position in American Airlines Group by 187.6% in the third quarter. Russell Investments Group Ltd. now owns 522,582 shares of the airline’s stock valued at $24,818,000 after acquiring an additional 340,884 shares in the last quarter. Finally, Todd Asset Management LLC acquired a new stake in American Airlines Group in the third quarter valued at approximately $13,919,000. 81.20% of the stock is owned by institutional investors.

American Airlines Group (AAL) opened at $48.36 on Friday. The firm has a market cap of $23,255.06, a PE ratio of 12.37, a PEG ratio of 1.05 and a beta of 0.96. American Airlines Group has a 1-year low of $39.21 and a 1-year high of $59.08. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. research analysts anticipate that American Airlines Group will post 5.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be issued a $0.10 dividend. The ex-dividend date is Monday, February 5th. This represents a $0.40 annualized dividend and a yield of 0.83%. American Airlines Group’s payout ratio is 10.23%.

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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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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