Imperial Capital Reiterates In-Line Rating for American Airlines Group (AAL)
Imperial Capital reissued their in-line rating on shares of American Airlines Group (NASDAQ:AAL) in a research report released on Thursday morning, MarketBeat Ratings reports. Imperial Capital currently has a $53.00 price target on the airline’s stock, up from their previous price target of $47.00. Imperial Capital also issued estimates for American Airlines Group’s Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $4.82 EPS, Q1 2018 earnings at $0.73 EPS and Q3 2018 earnings at $1.55 EPS.
AAL has been the topic of a number of other research reports. Morgan Stanley reiterated an equal weight rating on shares of American Airlines Group in a research note on Monday, September 18th. JPMorgan Chase & Co. upgraded shares of American Airlines Group from a neutral rating to an overweight rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 1st. Bank of America upgraded shares of American Airlines Group from an underperform rating to a buy rating and set a $64.00 price objective on the stock in a research note on Tuesday, January 9th. Citigroup reiterated a buy rating on shares of American Airlines Group in a research note on Wednesday, September 13th. Finally, Barclays upgraded shares of American Airlines Group from an equal weight rating to an overweight rating and lifted their price objective for the company from $55.00 to $65.00 in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. American Airlines Group currently has a consensus rating of Buy and an average price target of $60.35.
American Airlines Group (AAL) traded up $2.05 on Thursday, hitting $58.47. 7,505,254 shares of the stock were exchanged, compared to its average volume of 4,510,000. The stock has a market capitalization of $27,980.00, a price-to-earnings ratio of 14.88, a P/E/G ratio of 5.37 and a beta of 0.99. American Airlines Group has a 12 month low of $39.21 and a 12 month high of $58.73. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57.
In other news, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the sale, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its holdings in American Airlines Group by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 130,695 shares of the airline’s stock worth $6,800,000 after purchasing an additional 1,140 shares during the period. American National Bank boosted its holdings in American Airlines Group by 16.4% in the fourth quarter. American National Bank now owns 52,842 shares of the airline’s stock worth $2,750,000 after purchasing an additional 7,451 shares during the period. GSA Capital Partners LLP acquired a new position in American Airlines Group in the third quarter worth $405,000. RWC Asset Management LLP boosted its holdings in American Airlines Group by 30.4% in the third quarter. RWC Asset Management LLP now owns 1,057,145 shares of the airline’s stock worth $50,204,000 after purchasing an additional 246,537 shares during the period. Finally, Guardian Capital LP boosted its holdings in American Airlines Group by 65.6% in the third quarter. Guardian Capital LP now owns 7,367 shares of the airline’s stock worth $350,000 after purchasing an additional 2,919 shares during the period. 81.20% of the stock is owned by hedge funds and other institutional investors.
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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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