American Airlines Group Inc. (NASDAQ:AAL) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $42.62 target price on the airline’s stock. Vetr‘s price target indicates a potential downside of 8.97% from the stock’s current price.
A number of other brokerages have also issued reports on AAL. Buckingham Research reiterated a “buy” rating and issued a $44.00 price objective on shares of American Airlines Group in a report on Sunday, July 17th. JPMorgan Chase & Co. dropped their price objective on shares of American Airlines Group from $50.50 to $41.50 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Deutsche Bank AG raised their price objective on shares of American Airlines Group from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, July 25th. Wolfe Research set a $46.00 price objective on shares of American Airlines Group and gave the company a “buy” rating in a report on Friday, October 21st. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $29.00 price objective on shares of American Airlines Group in a report on Tuesday, July 26th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $44.09.
Shares of American Airlines Group (NASDAQ:AAL) traded up 1.04% on Monday, reaching $46.82. 2,426,632 shares of the company were exchanged. The company’s 50-day moving average price is $41.37 and its 200 day moving average price is $35.75. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 4.85 and a beta of 0.88. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $46.95.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $1.23. The firm earned $10.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.77 earnings per share. On average, equities research analysts expect that American Airlines Group will post $5.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, November 3rd. American Airlines Group’s dividend payout ratio (DPR) is presently 4.30%.
In other news, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total transaction of $363,400.00. Following the sale, the executive vice president now directly owns 196,907 shares in the company, valued at approximately $7,155,600.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Andrew P. Nocella sold 171,383 shares of American Airlines Group stock in a transaction on Monday, October 31st. The stock was sold at an average price of $40.65, for a total value of $6,966,718.95. Following the sale, the chief marketing officer now owns 307,719 shares in the company, valued at $12,508,777.35. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AAL. Van Hulzen Asset Management LLC purchased a new stake in shares of American Airlines Group during the third quarter worth about $106,000. Cribstone Capital Management LLC purchased a new stake in shares of American Airlines Group during the second quarter worth about $108,000. Westbourne Investment Advisors Inc. purchased a new stake in shares of American Airlines Group during the second quarter worth about $115,000. Checchi Capital Advisers LLC boosted its stake in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in shares of American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares in the last quarter. Institutional investors own 75.78% of the company’s stock.
About American Airlines Group
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).