American Airlines Group, Inc. (AAL) Rating Reiterated by Morgan Stanley
American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Friday. They currently have a $49.00 price objective on the airline’s stock, up from their previous price objective of $46.00. Morgan Stanley’s target price suggests a potential downside of 1.33% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Vetr raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price target on the stock in a research report on Monday, April 24th. Deutsche Bank AG dropped their price target on shares of American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Stifel Nicolaus reissued a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. BidaskClub lowered shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Barclays PLC reissued an “equal weight” rating on shares of American Airlines Group in a research report on Friday, May 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group has an average rating of “Hold” and a consensus price target of $46.31.
American Airlines Group (NASDAQ:AAL) opened at 49.66 on Friday. American Airlines Group has a 1-year low of $24.85 and a 1-year high of $51.95. The firm’s 50-day moving average is $47.36 and its 200-day moving average is $45.97. The stock has a market cap of $24.46 billion, a P/E ratio of 11.91 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, April 27th. The airline reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. American Airlines Group had a net margin of 5.47% and a return on equity of 81.88%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that American Airlines Group will post $4.87 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Saturday, May 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, May 12th. American Airlines Group’s dividend payout ratio (DPR) is presently 9.76%.
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In other American Airlines Group news, Director James F. Albaugh purchased 3,000 shares of the stock in a transaction on Thursday, May 4th. The shares were purchased at an average price of $43.85 per share, with a total value of $131,550.00. Following the acquisition, the director now directly owns 14,737 shares of the company’s stock, valued at approximately $646,217.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Derek J. Kerr sold 104,223 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the sale, the vice president now directly owns 591,195 shares in the company, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders sold a total of 161,480 shares of company stock worth $7,999,471 in the last three months. Insiders own 0.69% of the company’s stock.
A number of large investors have recently made changes to their positions in AAL. Cantab Capital Partners LLP acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $802,000. Asset Management One Co. Ltd. raised its stake in shares of American Airlines Group by 995.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 264,182 shares of the airline’s stock valued at $12,348,000 after buying an additional 240,062 shares during the period. Aviva PLC raised its stake in shares of American Airlines Group by 4.0% in the fourth quarter. Aviva PLC now owns 87,477 shares of the airline’s stock valued at $4,085,000 after buying an additional 3,379 shares during the period. Elkfork Partners LLC acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $649,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $214,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.
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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