American Airlines Group (AAL) Price Target Cut to $57.00 by Analysts at Buckingham Research
American Airlines Group (NASDAQ:AAL) had its price target lowered by analysts at Buckingham Research from $63.00 to $57.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the airline’s stock. Buckingham Research’s target price suggests a potential upside of 52.90% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Barclays decreased their price objective on American Airlines Group from $68.00 to $60.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley decreased their price objective on American Airlines Group from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. Imperial Capital decreased their price objective on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, July 12th. They noted that the move was a valuation call. Cowen decreased their price objective on American Airlines Group from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, July 11th. Finally, Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $60.00 to $43.00 in a report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $57.85.
Shares of AAL opened at $37.28 on Tuesday. American Airlines Group has a one year low of $35.64 and a one year high of $59.08. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of -21.56. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.72 and a beta of 0.99.
In other American Airlines Group news, President Robert D. Isom, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $46.72, for a total transaction of $233,600.00. Following the completion of the sale, the president now directly owns 675,276 shares in the company, valued at approximately $31,548,894.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Robert D. Isom, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the sale, the president now owns 646,205 shares of the company’s stock, valued at $29,079,225. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Assetmark Inc. increased its stake in American Airlines Group by 1,283.6% during the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock worth $171,000 after buying an additional 3,055 shares in the last quarter. Bray Capital Advisors purchased a new stake in American Airlines Group during the 1st quarter worth approximately $190,000. Baird Financial Group Inc. purchased a new stake in American Airlines Group during the 1st quarter worth approximately $212,000. Montgomery Investment Management Inc. purchased a new stake in American Airlines Group during the 1st quarter worth approximately $213,000. Finally, We Are One Seven LLC purchased a new stake in American Airlines Group during the 4th quarter worth approximately $216,000. Institutional investors own 80.67% of the company’s stock.
About American Airlines Group
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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