American Airlines Group’s (AAL) Buy Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research note published on Tuesday morning. They currently have a $95.00 price target on the airline’s stock.
A number of other research firms have also recently commented on AAL. Morgan Stanley reissued an equal weight rating and issued a $54.00 target price (up previously from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Citigroup Inc. increased their target price on American Airlines Group from $58.00 to $67.00 and gave the company a buy rating in a research note on Thursday, July 13th. Sanford C. Bernstein reissued a market perform rating and issued a $52.00 target price on shares of American Airlines Group in a research note on Thursday, July 13th. BidaskClub upgraded shares of American Airlines Group from a buy rating to a strong-buy rating in a research report on Saturday, July 8th. Finally, Imperial Capital restated an in-line rating and set a $49.00 price target (up from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $56.27.
American Airlines Group (AAL) opened at 45.41 on Tuesday. American Airlines Group has a 1-year low of $33.90 and a 1-year high of $54.48. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 11.27 and a beta of 0.96. The firm has a 50-day moving average price of $50.67 and a 200-day moving average price of $46.93. American Airlines Group also was the target of some unusual options trading on Monday. Stock traders bought 1,841 put options on the company. This is an increase of approximately 221% compared to the average volume of 574 put options.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. On average, analysts expect that American Airlines Group will post $5.10 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.88%. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.
In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the sale, the executive vice president now directly owns 161,476 shares in the company, valued at $7,746,003.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elise R. Eberwein sold 33,400 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the completion of the sale, the executive vice president now owns 362,368 shares of the company’s stock, valued at $18,024,184.32. The disclosure for this sale can be found here. Insiders sold 197,623 shares of company stock valued at $9,869,666 over the last 90 days. 0.69% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of AAL. BlackRock Inc. increased its position in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC increased its position in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock worth $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Primecap Management Co. CA increased its position in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. Cyrus Capital Partners L.P. acquired a new position in shares of American Airlines Group during the second quarter worth $75,480,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after buying an additional 924,800 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.
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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