Trading Report: Today, American Airlines Group Inc. (AAL) Rating Increased to Hold at Vetr Inc.

Today, American Airlines Group Inc. (AAL) Rating Increased to Hold at Vetr Inc.

American Airlines Group Inc. (NASDAQ:AAL) was upgraded by Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The brokerage currently has a $47.00 price objective on the airline’s stock. Vetr‘s price objective indicates a potential upside of 0.38% from the stock’s current price.

AAL has been the subject of several other reports. JPMorgan Chase & Co. reduced their price objective on American Airlines Group from $50.50 to $41.50 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Deutsche Bank AG raised their price objective on American Airlines Group from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Wolfe Research set a $46.00 price objective on American Airlines Group and gave the stock a “buy” rating in a research note on Friday, October 21st. Bank of America Corp. reissued a “sell” rating and set a $29.00 price objective on shares of American Airlines Group in a research note on Tuesday, July 26th. Finally, Buckingham Research reissued a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of American Airlines Group in a research note on Tuesday, July 26th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.09.

American Airlines Group (NASDAQ:AAL) traded up 1.04% during trading on Monday, reaching $46.82. The company had a trading volume of 2,426,632 shares. The company has a 50-day moving average price of $41.03 and a 200 day moving average price of $35.66. The stock has a market cap of $24.26 billion, a PE ratio of 4.85 and a beta of 0.88. American Airlines Group has a 52-week low of $24.85 and a 52-week high of $46.95.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $1.23. The firm earned $10.60 billion during the quarter, compared to analyst estimates of $5.43 billion. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $2.77 EPS. On average, analysts anticipate that American Airlines Group will post $5.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, November 3rd. American Airlines Group’s dividend payout ratio is currently 4.30%.

In related news, CMO Andrew P. Nocella sold 171,383 shares of American Airlines Group stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $40.65, for a total transaction of $6,966,718.95. Following the sale, the chief marketing officer now directly owns 307,719 shares of the company’s stock, valued at $12,508,777.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Beverly K. Goulet sold 20,000 shares of American Airlines Group stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total value of $750,000.00. Following the sale, the executive vice president now directly owns 268,604 shares in the company, valued at $10,072,650. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in American Airlines Group by 3.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 85,857,915 shares of the airline’s stock worth $3,143,258,000 after buying an additional 2,634,064 shares during the period. Primecap Management Co. CA increased its stake in American Airlines Group by 28.6% in the second quarter. Primecap Management Co. CA now owns 35,432,161 shares of the airline’s stock worth $1,003,084,000 after buying an additional 7,883,585 shares during the period. FMR LLC increased its stake in American Airlines Group by 28.6% in the second quarter. FMR LLC now owns 10,098,039 shares of the airline’s stock worth $285,875,000 after buying an additional 2,243,176 shares during the period. BlackRock Fund Advisors increased its stake in American Airlines Group by 31.6% in the second quarter. BlackRock Fund Advisors now owns 9,217,078 shares of the airline’s stock worth $260,935,000 after buying an additional 2,213,277 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in American Airlines Group by 146.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 6,296,233 shares of the airline’s stock worth $178,246,000 after buying an additional 3,745,807 shares during the period. 75.78% of the stock is currently owned by institutional investors and hedge funds.

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).

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