American Airlines Group Inc. (NASDAQ:AAL) had its price objective increased by Imperial Capital from $43.00 to $49.00 in a research note issued to investors on Tuesday. The brokerage currently has an in-line rating on the airline’s stock.
A number of other research analysts also recently weighed in on AAL. JPMorgan Chase & Co. lowered their target price on American Airlines Group from $50.50 to $41.50 and set an overweight rating on the stock in a report on Wednesday, July 27th. Vetr downgraded American Airlines Group from a buy rating to a hold rating and set a $38.72 price objective on the stock. in a research note on Tuesday, September 13th. 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. Credit Suisse Group AG reaffirmed a sell rating and issued a $34.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 13th. Finally, TheStreet raised American Airlines Group from a hold rating to a buy rating in a research note on Monday, October 31st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. American Airlines Group currently has an average rating of Hold and an average price target of $44.09.
Shares of American Airlines Group (NASDAQ:AAL) opened at 46.82 on Tuesday. American Airlines Group has a 52 week low of $24.85 and a 52 week high of $46.95. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 4.85 and a beta of 0.88. The firm has a 50-day moving average price of $41.37 and a 200 day moving average price of $35.75.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.23. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. American Airlines Group’s revenue was down 1.0% on a year-over-year basis. On average, analysts forecast that American Airlines Group will post $5.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 3rd. American Airlines Group’s dividend payout ratio (DPR) is 4.30%.
In related news, EVP Beverly K. Goulet sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the executive vice president now directly owns 238,604 shares of the company’s stock, valued at approximately $11,018,732.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the sale, the executive vice president now directly owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.
Several large investors have recently modified their holdings of AAL. Van Hulzen Asset Management LLC acquired a new stake in shares of American Airlines Group during the third quarter worth about $106,000. Cribstone Capital Management LLC acquired a new stake in shares of American Airlines Group during the second quarter worth about $108,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of American Airlines Group during the second quarter worth about $115,000. Checchi Capital Advisers LLC raised 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 raised 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. 76.26% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Company Profile