American Airlines Group, Inc. (NASDAQ:AAL) was upgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, August 1st, Marketbeat.com reports. The brokerage currently has a $61.00 price target on the airline’s stock, up from their prior price target of $52.00. J P Morgan Chase & Co’s target price would indicate a potential upside of 33.92% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. BidaskClub raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Vetr raised American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price objective for the company in a research note on Monday, April 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. Imperial Capital reaffirmed an “in-line” rating and set a $43.00 price objective on shares of American Airlines Group in a research note on Friday, May 19th. Finally, Bank of America Corporation boosted their target price on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $53.45.
American Airlines Group (AAL) opened at 45.55 on Tuesday. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 11.31 and a beta of 0.96. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48. The company has a 50 day moving average price of $50.80 and a 200-day moving average price of $46.88. American Airlines Group also was the target of unusually large options trading on Thursday. Investors bought 23,622 call options on the company. This is an increase of 192% compared to the average daily volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group will post $5.10 EPS for the current year.
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In related news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders have sold 197,623 shares of company stock worth $9,869,666 in the last quarter. 0.64% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in American Airlines Group during the second quarter valued at about $106,000. Westside Investment Management Inc. raised its stake 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 buying an additional 72 shares during the last quarter. First Manhattan Co. raised its stake 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 buying an additional 75 shares during the last quarter. WFG Advisors LP raised its stake 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 buying an additional 519 shares during the last quarter. Finally, D. Scott Neal Inc. bought a new stake in American Airlines Group during the second quarter valued at about $120,000. 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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