American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “in-line” rating reaffirmed by equities researchers at Imperial Capital in a note issued to investors on Sunday, July 23rd. They presently have a $49.00 price target on the airline’s stock, up from their previous price target of $43.00. Imperial Capital’s price target would suggest a potential upside of 7.57% from the stock’s current price.
AAL has been the subject of several other research reports. ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Bank of America Corporation lifted their target price on shares of American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, June 30th. Deutsche Bank AG cut their target price on shares of American Airlines Group from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Barclays PLC reaffirmed a “hold” rating and issued a $58.00 target price on shares of American Airlines Group in a research report on Friday, April 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up previously from $49.00) on shares of American Airlines Group in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. American Airlines Group has a consensus rating of “Hold” and an average target price of $53.45.
American Airlines Group (NASDAQ:AAL) traded down 1.04% on Friday, hitting $45.55. The company had a trading volume of 6,242,763 shares. The company has a market capitalization of $22.18 billion, a P/E ratio of 11.31 and a beta of 0.96. The stock’s 50-day moving average price is $50.80 and its 200 day moving average price is $46.88. American Airlines Group has a one year low of $33.90 and a one year high of $54.48. American Airlines Group also saw some unusual options trading activity on Thursday. Investors acquired 23,622 call options on the stock. This is an increase of approximately 192% compared to the average daily volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. On average, analysts expect that American Airlines Group will post $5.10 EPS for the current fiscal year.
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In other news, VP Derek J. Kerr sold 104,223 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the completion of the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Insiders sold a total of 197,623 shares of company stock valued at $9,869,666 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in American Airlines Group by 9.2% in the first quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock worth $13,677,000 after buying an additional 27,340 shares in the last quarter. Strs Ohio raised its stake in American Airlines Group by 23.0% in the first quarter. Strs Ohio now owns 454,865 shares of the airline’s stock worth $19,240,000 after buying an additional 85,000 shares during the last quarter. Beach Investment Counsel Inc. PA raised its stake in American Airlines Group by 122.8% in the first quarter. Beach Investment Counsel Inc. PA now owns 174,197 shares of the airline’s stock worth $7,369,000 after buying an additional 96,007 shares during the last quarter. Wealthfront Inc. acquired a new stake in American Airlines Group during the fourth quarter worth $572,000. Finally, Gendell Jeffrey L raised its stake in American Airlines Group by 47.7% in the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock worth $43,728,000 after buying an additional 334,053 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.
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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