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.
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%.
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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