American Airlines Group, Inc. (AAL) Price Target Raised to $67.00
American Airlines Group, Inc. (NASDAQ:AAL) had its target price raised by research analysts at Citigroup Inc. from $58.00 to $67.00 in a report issued on Thursday, July 13th. The brokerage presently has a “buy” rating on the airline’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 34.00% from the company’s previous close.
A number of other analysts also recently commented on the stock. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective (up previously from $49.00) on shares of American Airlines Group in a report on Monday, July 10th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Bank of America Corporation upped their price target on shares of American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, June 28th. Finally, Atlantic Securities began coverage on shares of American Airlines Group in a report on Tuesday, June 20th. They issued an “underweight” rating and a $56.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. American Airlines Group currently has an average rating of “Hold” and a consensus target price of $53.57.
American Airlines Group (NASDAQ:AAL) opened at 50.00 on Thursday. American Airlines Group has a 52-week low of $33.74 and a 52-week high of $54.48. The company has a market cap of $24.35 billion, a price-to-earnings ratio of 12.41 and a beta of 0.96. The company’s 50-day moving average price is $50.93 and its 200-day moving average price is $46.80. American Airlines Group also was the recipient of unusually large options trading activity on Monday. Stock traders bought 1,841 put options on the company. This is an increase of approximately 221% compared to the average volume of 574 put options.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. The firm had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. Equities research analysts expect that American Airlines Group will post $5.13 EPS for the current fiscal year.
In other American Airlines Group news, EVP Maya Leibman sold 23,857 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $47.24, for a total transaction of $1,127,004.68. Following the transaction, the executive vice president now directly owns 182,178 shares in the company, valued at approximately $8,606,088.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Elise R. Eberwein sold 33,400 shares of the stock in a transaction on 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 owns 362,368 shares in the company, valued at $18,024,184.32. The disclosure for this sale can be found here. Insiders sold 211,480 shares of company stock valued at $10,516,971 over the last 90 days. Insiders own 0.69% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AAL. MCF Advisors LLC acquired a new position in American Airlines Group during the second quarter worth about $106,000. First Manhattan Co. increased its position in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the last quarter. D. Scott Neal Inc. acquired a new position in American Airlines Group during the second quarter worth about $120,000. Huntington National Bank increased its position in American Airlines Group by 71.9% in the second quarter. Huntington National Bank now owns 2,629 shares of the airline’s stock worth $132,000 after buying an additional 1,100 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in American Airlines Group by 26.7% in the first quarter. Global X Management Co. LLC now owns 3,528 shares of the airline’s stock worth $149,000 after buying an additional 743 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.
About American Airlines Group
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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