Cowen and Company reaffirmed their outperform rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research note published on Wednesday, Marketbeat.com reports. They currently have a $55.00 price target on the airline’s stock, down from their prior price target of $57.00.

A number of other brokerages have also recently commented on AAL. Morgan Stanley dropped their price objective on shares of American Airlines Group from $52.00 to $51.00 and set an equal weight rating for the company in a research note on Friday, September 1st. ValuEngine raised shares of American Airlines Group from a buy rating to a strong-buy rating in a research note on Friday, June 2nd. Bank of America Corporation lifted their price objective on shares of American Airlines Group from $40.00 to $42.00 and gave the stock an underperform rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of American Airlines Group from a buy rating to a hold rating in a research note on Monday, August 7th. Finally, Citigroup Inc. lifted their price objective 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. American Airlines Group has a consensus rating of Hold and a consensus price target of $56.78.

American Airlines Group (NASDAQ AAL) traded down 0.41% during mid-day trading on Wednesday, hitting $46.00. 14,846,236 shares of the stock were exchanged. American Airlines Group has a 52 week low of $33.90 and a 52 week high of $54.48. The company has a 50-day moving average of $46.92 and a 200-day moving average of $46.75. The stock has a market capitalization of $22.40 billion, a PE ratio of 11.42 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share. On average, equities analysts predict that American Airlines Group will post $4.86 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.

In related news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Insiders have sold a total of 63,476 shares of company stock valued at $3,159,738 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC bought a new stake in American Airlines Group during the 2nd quarter valued at about $106,000. Westside Investment Management Inc. lifted its holdings in American Airlines Group by 3.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares in the last quarter. WFG Advisors LP lifted its holdings in American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after buying an additional 519 shares in the last quarter. D. Scott Neal Inc. bought a new stake in American Airlines Group during the 2nd quarter valued at about $120,000. Finally, First Manhattan Co. lifted its holdings in American Airlines Group by 3.3% during the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares in the last quarter. Institutional investors own 81.53% 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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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