American Airlines Group (NASDAQ:AAL) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, December 27th.
Several other equities analysts have also recently issued reports on AAL. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 13th. JPMorgan Chase & Co. raised American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective on the stock in a research report on Wednesday, November 1st. Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. Finally, Cowen increased their price target on American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.35.
American Airlines Group (AAL) opened at $58.47 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. The firm has a market capitalization of $27,980.00, a P/E ratio of 14.88 and a beta of 0.99. American Airlines Group has a twelve month low of $39.21 and a twelve month high of $58.73.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.80 EPS. sell-side analysts expect that American Airlines Group will post 4.66 earnings per share for the current fiscal year.
In other news, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the transaction, the chief executive officer now owns 1,925,242 shares in the company, valued at $100,728,661.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
Several institutional investors have recently modified their holdings of AAL. Westside Investment Management Inc. lifted its holdings in shares of American Airlines Group by 3.5% in the 2nd 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. WFG Advisors LP lifted its holdings in shares of American Airlines Group by 28.1% in the 2nd 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. Exane Derivatives lifted its holdings in shares of American Airlines Group by 416.3% in the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after acquiring an additional 2,090 shares during the last quarter. IHT Wealth Management LLC lifted its stake in American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Blue Granite Capital LLC bought a new stake in American Airlines Group in the third quarter worth about $131,000. 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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