American Airlines Group Inc. (AAL) PT Lowered to $45.00
American Airlines Group Inc. (NASDAQ:AAL) had its price objective dropped by Stifel Nicolaus from $50.00 to $45.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the airline’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 14.68% from the company’s current price.
Several other analysts have also weighed in on the company. Sanford C. Bernstein began coverage on American Airlines Group in a report on Monday. They set an “underperform” rating and a $31.00 price objective on the stock. Vetr lowered American Airlines Group from a “buy” rating to a “hold” rating and set a $39.50 price objective on the stock. in a report on Thursday, October 6th. Raymond James Financial Inc. lowered American Airlines Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 21st. Credit Suisse Group AG reissued a “sell” rating and set a $34.00 price objective on shares of American Airlines Group in a report on Tuesday, September 13th. Finally, Cowen and Company reissued an “outperform” rating and set a $43.00 price objective on shares of American Airlines Group in a report on Wednesday, August 31st. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.07.
Shares of American Airlines Group (NASDAQ:AAL) opened at 39.24 on Wednesday. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $47.09. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 3.71 and a beta of 0.97. The firm has a 50-day moving average price of $36.88 and a 200 day moving average price of $34.97.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 22nd. The airline reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.09. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the firm earned $2.62 EPS. American Airlines Group’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts anticipate that American Airlines Group will post $5.44 EPS for the current fiscal year.
In related news, EVP Beverly K. Goulet sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total value of $750,000.00. Following the completion of the sale, the executive vice president now owns 268,604 shares in the company, valued at $10,072,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total value of $363,400.00. Following the completion of the sale, the executive vice president now owns 196,907 shares of the company’s stock, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AAL. Cribstone Capital Management LLC acquired a new position in American Airlines Group during the second quarter worth about $108,000. Zions Bancorporation boosted its position in American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock worth $165,000 after buying an additional 3,932 shares during the last quarter. Westbourne Investment Advisors Inc. acquired a new position in American Airlines Group during the second quarter worth about $115,000. Checchi Capital Advisers LLC boosted its position in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its position in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares during the last quarter. Institutional investors and hedge funds own 74.62% of the company’s stock.
About American Airlines Group
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).
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