American Airlines Group, Inc. (NASDAQ:AAL) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $53.89.
AAL has been the subject of a number of recent research reports. Vetr raised American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price for the company in a report on Tuesday, May 23rd. 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 report on Monday, July 10th. Atlantic Securities started coverage on American Airlines Group in a report on Tuesday, June 20th. They issued an “underweight” rating and a $56.00 target price for the company. Cowen and Company reiterated an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Finally, Bank of America Corporation upped their price target on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, June 30th.
Shares of American Airlines Group (AAL) opened at 49.40 on Tuesday. The company has a market capitalization of $24.06 billion, a PE ratio of 12.26 and a beta of 0.96. The stock has a 50 day moving average price of $51.03 and a 200 day moving average price of $46.85. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48. American Airlines Group also saw unusually large options trading on Monday. Traders bought 1,841 put options on the company. This is an increase of approximately 221% compared to the average daily volume of 574 put options.
American Airlines Group (NASDAQ:AAL) last posted 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. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. American Airlines Group’s revenue was up 7.2% on a year-over-year basis. On average, analysts predict that American Airlines Group will post $5.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 10th. American Airlines Group’s dividend payout ratio is currently 9.88%.
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In other news, EVP Elise R. Eberwein sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total value of $2,517,500.00. Following the completion of the transaction, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction 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 sale, the vice president now directly owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders sold 187,623 shares of company stock valued at $9,389,966 over the last three months. Company insiders own 0.64% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased 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 valued at $13,677,000 after buying an additional 27,340 shares in the last quarter. Strs Ohio increased its position in shares of 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 in the last quarter. Beach Investment Counsel Inc. PA increased its position in shares of 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 in the last quarter. Wealthfront Inc. acquired a new position in shares of American Airlines Group during the fourth quarter worth about $572,000. Finally, Great Lakes Advisors LLC increased its position in shares of American Airlines Group by 519.7% in the first quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock worth $2,344,000 after buying an additional 46,478 shares in the last quarter. Hedge funds and other institutional investors own 81.51% 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.
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