American Airlines Group, Inc. (AAL) Receives $56.47 Average Price Target from Analysts
Shares of American Airlines Group, Inc. (NASDAQ:AAL) have been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $56.50.
Several equities research analysts recently commented on AAL shares. Zacks Investment Research raised American Airlines Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Wednesday, June 28th. BidaskClub lowered American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Stifel Nicolaus restated a “buy” rating on shares of American Airlines Group in a report on Friday, May 26th. Vetr lowered American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $53.62 target price for the company. in a report on Monday, May 29th. Finally, Citigroup Inc. upped 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.
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American Airlines Group (NASDAQ:AAL) traded down 0.41% during midday trading on Wednesday, hitting $46.00. 14,846,236 shares of the company’s stock traded hands. The company has a market capitalization of $22.40 billion, a PE ratio of 11.42 and a beta of 0.98. The company has a 50 day moving average of $46.92 and a 200-day moving average of $46.75. American Airlines Group has a 52 week low of $33.90 and a 52 week high of $54.48.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The firm had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that American Airlines Group will post $4.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s payout ratio is presently 9.88%.
In other news, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now 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 available through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the 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 sale, the executive vice president now owns 312,368 shares in the company, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. Insiders have sold 63,476 shares of company stock worth $3,159,738 in the last 90 days. Company insiders own 0.64% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC bought a new position in American Airlines Group in the second quarter valued at about $106,000. Westside Investment Management Inc. boosted its holdings in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after acquiring an additional 72 shares during the last quarter. First Manhattan Co. boosted its holdings in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after acquiring an additional 75 shares during the last quarter. WFG Advisors LP boosted its holdings in American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after acquiring an additional 519 shares during the last quarter. Finally, D. Scott Neal Inc. bought a new position in American Airlines Group in the second quarter valued at about $120,000. Institutional investors and hedge funds own 81.53% 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.
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