American Airlines Group Inc. (AAL) Given New $49.00 Price Target at Imperial Capital
American Airlines Group Inc. (NASDAQ:AAL) had its price target raised by Imperial Capital from $43.00 to $49.00 in a report released on Tuesday. Imperial Capital currently has an in-line rating on the airline’s stock.
A number of other brokerages also recently commented on AAL. Deutsche Bank AG boosted their price objective on shares of American Airlines Group from $43.00 to $45.00 and gave the company a buy rating in a research report on Monday, July 25th. Vetr raised shares of American Airlines Group from a hold rating to a buy rating and set a $41.57 price objective on the stock in a research report on Monday, October 24th. Wolfe Research set a $46.00 target price on shares of American Airlines Group and gave the stock a buy rating in a research report on Friday, October 21st. Stifel Nicolaus decreased their target price on shares of American Airlines Group from $50.00 to $45.00 and set a buy rating for the company in a research report on Wednesday, October 12th. Finally, Raymond James Financial Inc. downgraded shares of American Airlines Group from an outperform rating to a market perform rating in a research report on Wednesday, September 21st. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. American Airlines Group has an average rating of Hold and an average price target of $44.09.
American Airlines Group (NASDAQ:AAL) opened at 46.08 on Tuesday. American Airlines Group has a one year low of $24.85 and a one year high of $46.95. The firm’s 50-day moving average is $40.79 and its 200 day moving average is $35.58. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 4.78 and a beta of 0.88.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the firm posted $2.77 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Analysts forecast that American Airlines Group will post $5.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a $0.10 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. American Airlines Group’s dividend payout ratio is 4.30%.
In other American Airlines Group news, EVP Elise R. Eberwein sold 89,556 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $44.85, for a total transaction of $4,016,586.60. Following the sale, the executive vice president now directly owns 440,510 shares in the company, valued at approximately $19,756,873.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Andrew P. Nocella sold 171,383 shares of the firm’s stock in a transaction that occurred on 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 owns 307,719 shares in the company, valued at $12,508,777.35. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Van Hulzen Asset Management LLC bought a new stake in shares of American Airlines Group during the third quarter valued at approximately $106,000. Cribstone Capital Management LLC bought a new stake in shares of American Airlines Group during the second quarter valued at approximately $108,000. Westbourne Investment Advisors Inc. bought a new stake in shares of American Airlines Group during the second quarter valued at approximately $115,000. Checchi Capital Advisers LLC increased 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 valued at $117,000 after buying an additional 37 shares during the period. Finally, Evercore Wealth Management LLC increased 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 valued at $130,000 after buying an additional 1,727 shares during the period. Hedge funds and other institutional investors own 75.78% of the company’s stock.
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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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