Bank of America upgraded shares of American Airlines Group (NASDAQ:AAL) from an underperform rating to a buy rating in a research report released on Tuesday morning, Marketbeat Ratings reports. Bank of America currently has $64.00 target price on the airline’s stock.
A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised shares of American Airlines Group from a neutral rating to an overweight rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. Cowen raised their target price on shares of American Airlines Group from $55.00 to $56.00 and gave the company an outperform rating in a report on Tuesday, October 10th. Buckingham Research reissued a buy rating on shares of American Airlines Group in a report on Friday, October 27th. BidaskClub lowered shares of American Airlines Group from a sell rating to a strong sell rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of American Airlines Group from a strong sell rating to a hold rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $60.35.
American Airlines Group (NASDAQ AAL) opened at $56.42 on Tuesday. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $57.00. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. The firm has a market cap of $27,000.00, a price-to-earnings ratio of 14.36 and a beta of 0.99.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the firm posted $2.80 earnings per share. American Airlines Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. research analysts predict that American Airlines Group will post 4.66 EPS for the current year.
In other news, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in AAL. Boston Partners bought a new stake in shares of American Airlines Group in the third quarter valued at about $113,633,000. Cyrus Capital Partners L.P. bought a new stake in shares of American Airlines Group in the second quarter valued at about $75,480,000. Parametric Portfolio Associates LLC raised its holdings in shares of American Airlines Group by 111.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock valued at $67,237,000 after acquiring an additional 703,617 shares in the last quarter. AJO LP raised its holdings in shares of American Airlines Group by 193.2% in the second quarter. AJO LP now owns 952,263 shares of the airline’s stock valued at $47,918,000 after acquiring an additional 627,426 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of American Airlines Group by 162.3% in the third quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock valued at $43,332,000 after acquiring an additional 564,627 shares in the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.
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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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