American Airlines Group Inc. (AAL) Coverage Initiated by Analysts at Sanford C. Bernstein
Sanford C. Bernstein started coverage on shares of American Airlines Group Inc. (NASDAQ:AAL) in a research note released on Monday. The brokerage issued an underperform rating and a $31.00 price target on the airline’s stock.
A number of other brokerages also recently issued reports on AAL. Morgan Stanley reiterated an overweight rating on shares of American Airlines Group in a research report on Wednesday, June 15th. Deutsche Bank AG increased their price target on American Airlines Group from $43.00 to $45.00 and gave the stock a buy rating in a research report on Monday, July 25th. Buckingham Research reiterated a buy rating and set a $44.00 price target on shares of American Airlines Group in a research report on Sunday, July 17th. Credit Suisse Group AG downgraded American Airlines Group from an outperform rating to an underperform rating and lowered their price target for the stock from $47.00 to $28.00 in a research report on Wednesday, July 6th. Finally, Raymond James Financial Inc. downgraded American Airlines Group from an outperform rating to a market perform rating in a research report on Wednesday, September 21st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $42.63.
American Airlines Group (NASDAQ:AAL) opened at 39.44 on Monday. The company has a 50 day moving average of $36.72 and a 200-day moving average of $34.90. The stock has a market capitalization of $20.90 billion, a P/E ratio of 3.73 and a beta of 0.97. American Airlines Group has a one year low of $24.85 and a one year high of $47.09.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. American Airlines Group’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $2.62 earnings per share. Equities research analysts predict that American Airlines Group will post $5.44 earnings per share for the current fiscal year.
In other news, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the completion of the sale, the executive vice president now directly owns 196,907 shares of the company’s stock, valued at approximately $7,155,600.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Beverly K. Goulet sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $37.50, for a total value of $750,000.00. Following the completion of the sale, the executive vice president now directly owns 268,604 shares of the company’s stock, valued at $10,072,650. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. bought a new position in shares of American Airlines Group during the first quarter valued at about $5,698,000. Bessemer Group Inc. bought a new position in shares of American Airlines Group during the first quarter valued at about $398,000. Advisor Partners LLC boosted its position in shares of American Airlines Group by 15.9% in the first quarter. Advisor Partners LLC now owns 7,156 shares of the airline’s stock valued at $293,000 after buying an additional 982 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of American Airlines Group during the first quarter valued at about $621,000. Finally, Credit Agricole S A boosted its position in shares of American Airlines Group by 8.1% in the first quarter. Credit Agricole S A now owns 112,926 shares of the airline’s stock valued at $4,631,000 after buying an additional 8,493 shares during the period. 74.62% of the stock is owned by institutional investors and hedge funds.
American Airlines Group Company Profile
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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