American Airlines Group, Inc. (NASDAQ:AAL) Rating Reiterated by Sanford C. Bernstein
Several other equities research analysts also recently weighed in on the company. Morgan Stanley reaffirmed an equal weight rating and set a $54.00 price target (up from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Citigroup Inc. increased their price target on American Airlines Group from $58.00 to $67.00 and gave the stock a buy rating in a report on Thursday, July 13th. BidaskClub raised American Airlines Group from a buy rating to a strong-buy rating in a report on Saturday, July 8th. Imperial Capital reaffirmed an in-line rating and set a $49.00 price target (up from $43.00) on shares of American Airlines Group in a report on Sunday, July 23rd. Finally, Cowen and Company raised American Airlines Group from a market perform rating to an outperform rating and increased their price target for the stock from $55.00 to $57.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. American Airlines Group has a consensus rating of Hold and a consensus price target of $53.57.
American Airlines Group (AAL) traded down 0.24% during trading on Monday, hitting $50.46. 1,883,430 shares of the company traded hands. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 12.53 and a beta of 0.96. The company’s 50-day moving average is $50.82 and its 200 day moving average is $46.72. American Airlines Group has a 52-week low of $33.68 and a 52-week high of $54.48. American Airlines Group also was the target of unusually large options trading activity on Monday. Investors purchased 1,841 put options on the company. This represents an increase of 221% compared to the typical daily volume of 574 put options.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. On average, equities analysts anticipate that American Airlines Group will post $5.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.
In other news, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the transaction, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elise R. Eberwein sold 50,000 shares of American Airlines Group stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total value of $2,517,500.00. Following the transaction, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. Insiders have sold a total of 211,480 shares of company stock valued at $10,516,971 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. MCF Advisors LLC bought a new stake in American Airlines Group during the second quarter worth approximately $106,000. D. Scott Neal Inc. bought a new stake in American Airlines Group during the second quarter worth approximately $120,000. First Manhattan Co. boosted its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares in the last quarter. Huntington National Bank boosted its stake in American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock worth $149,000 after buying an additional 743 shares in the last quarter. 81.51% of the stock is owned by institutional investors and hedge funds.
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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