A number of other brokerages have also commented on AAL. Morgan Stanley reiterated an equal weight rating and set a $54.00 price target (up previously from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Citigroup Inc. lifted their target price on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a buy rating in a research note on Thursday, July 13th. BidaskClub raised shares of American Airlines Group from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Imperial Capital reissued an in-line rating and set a $49.00 target price (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Finally, Cowen and Company raised shares of American Airlines Group from a market perform rating to an outperform rating and lifted their target price for the stock from $55.00 to $57.00 in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group presently has an average rating of Hold and an average price target of $53.45.
American Airlines Group (AAL) traded down 1.04% on Monday, reaching $45.55. 6,242,763 shares of the company traded hands. The company has a market capitalization of $22.18 billion, a PE 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 stock has a 50-day moving average of $50.80 and a 200 day moving average of $46.88. American Airlines Group also saw unusually large options trading activity on Thursday. Stock investors bought 23,622 call options on the company. This represents an increase of approximately 192% compared to the average volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. The company had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. American Airlines Group’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. On average, equities analysts forecast that American Airlines Group will post $5.10 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was published by Rincon Hill News and is the property of of Rincon Hill News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://rinconhillneighbors.org/2017/08/19/sanford-c-bernstein-reiterates-hold-rating-for-american-airlines-group-inc-aal-updated.html.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s payout ratio is presently 9.88%.
In related news, EVP Elise R. Eberwein sold 33,400 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the transaction, the executive vice president now directly owns 362,368 shares in the company, valued at $18,024,184.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the business’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 transaction, the executive vice president now owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,623 shares of company stock worth $9,869,666. 0.64% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Janney Montgomery Scott LLC boosted its position in American Airlines Group by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 23,284 shares of the airline’s stock worth $985,000 after buying an additional 754 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in American Airlines Group by 333.1% in the first quarter. Glen Harbor Capital Management LLC now owns 47,256 shares of the airline’s stock worth $1,999,000 after buying an additional 36,344 shares during the last quarter. Sigma Planning Corp boosted its position in American Airlines Group by 12.3% in the first quarter. Sigma Planning Corp now owns 13,913 shares of the airline’s stock worth $589,000 after buying an additional 1,523 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in American Airlines Group by 52.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 266,009 shares of the airline’s stock worth $11,253,000 after buying an additional 91,755 shares during the last quarter. Finally, Quotient Investors LLC bought a new position in American Airlines Group during the first quarter worth $1,797,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.
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.
Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with our FREE daily email newsletter.