American Airlines Group (NASDAQ:AAL) had its price objective lifted by equities research analysts at Morgan Stanley from $58.00 to $60.00 in a report released on Friday. The brokerage presently has an “equal weight” rating on the airline’s stock. Morgan Stanley’s price target suggests a potential upside of 13.06% from the company’s previous close.
Other analysts also recently issued reports about the company. Stephens reaffirmed a “hold” rating and set a $61.00 price target on shares of American Airlines Group in a report on Friday. Buckingham Research boosted their target price on American Airlines Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Citigroup boosted their target price on American Airlines Group to $65.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Imperial Capital reissued an “in-line” rating and issued a $53.00 target price (up from $47.00) on shares of American Airlines Group in a report on Thursday, January 11th. Finally, BidaskClub downgraded American Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.10.
Shares of American Airlines Group (AAL) traded up $0.02 during midday trading on Friday, reaching $53.07. The company’s stock had a trading volume of 7,062,294 shares, compared to its average volume of 4,960,000. The stock has a market cap of $25,390.00, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 4.92 and a beta of 0.99. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. American Airlines Group has a 12 month low of $39.21 and a 12 month high of $59.08.
In related news, Director Alberto Ibarguen sold 4,229 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were 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 owns 1,925,242 shares in the company, 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 have recently modified their holdings of the stock. Boston Partners acquired a new position in American Airlines Group in the 3rd quarter valued at about $113,633,000. Hosking Partners LLP increased its position in American Airlines Group by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock valued at $111,359,000 after acquiring an additional 9,522 shares during the period. Schwab Charles Investment Management Inc. increased its position in American Airlines Group by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock valued at $82,783,000 after acquiring an additional 42,130 shares during the period. Dimensional Fund Advisors LP increased its position in American Airlines Group by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,501,694 shares of the airline’s stock valued at $75,560,000 after acquiring an additional 14,974 shares during the period. Finally, Cyrus Capital Partners L.P. acquired a new position in American Airlines Group in the 2nd quarter valued at about $75,480,000. Hedge funds and other institutional investors own 81.27% of the company’s stock.
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.
