American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “buy” rating reaffirmed by equities researchers at Buckingham Research in a research note issued on Monday, July 31st. They currently have a $70.00 price objective on the airline’s stock, up from their prior price objective of $68.00. Buckingham Research’s price target indicates a potential upside of 53.68% from the company’s previous close.
Other analysts have also issued reports about the stock. Vetr raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price target on the stock in a research report on Monday, April 24th. Deutsche Bank AG dropped their price target on shares of American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. BidaskClub lowered shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, 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 research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. American Airlines Group presently has an average rating of “Hold” and a consensus target price of $53.45.
Shares of American Airlines Group (NASDAQ AAL) opened at 45.55 on Monday. The stock has a market cap of $22.18 billion, a P/E ratio of 11.31 and a beta of 0.96. The firm has a 50-day moving average of $50.80 and a 200-day moving average of $46.88. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48. American Airlines Group also was the target of unusually large options trading activity on Thursday. Investors bought 23,622 call options on the company. This is an increase of approximately 192% compared to the typical daily volume of 8,100 call options.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts expect that American Airlines Group will post $5.10 EPS for the current fiscal year.
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In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the 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 directly owns 161,476 shares in the company, valued at $7,746,003.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elise R. Eberwein sold 33,400 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the sale, 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 197,623 shares of company stock worth $9,869,666 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Foundry Partners LLC purchased a new stake in shares of American Airlines Group during the first quarter worth about $7,523,000. Chevy Chase Trust Holdings Inc. boosted its position in American Airlines Group by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 435,357 shares of the airline’s stock worth $18,416,000 after buying an additional 1,515 shares during the period. New England Research & Management Inc. boosted its position in American Airlines Group by 38.0% in the first quarter. New England Research & Management Inc. now owns 24,250 shares of the airline’s stock worth $1,026,000 after buying an additional 6,675 shares during the period. E&G Advisors LP boosted its position in American Airlines Group by 19.0% in the first quarter. E&G Advisors LP now owns 39,390 shares of the airline’s stock worth $1,666,000 after buying an additional 6,300 shares during the period. Finally, Bank of Montreal Can boosted its position in American Airlines Group by 1.4% in the first quarter. Bank of Montreal Can now owns 370,464 shares of the airline’s stock worth $15,670,000 after buying an additional 5,053 shares during the period. Hedge funds and other institutional investors own 81.22% 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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