American Airlines Group, Inc. (AAL) Receives Consensus Rating of “Hold” from Analysts

American Airlines Group, Inc. (NASDAQ:AAL) has received an average recommendation of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $53.89.

A number of research firms have commented on AAL. Stifel Nicolaus reissued a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. Imperial Capital reissued an “in-line” rating and set a $43.00 target price on shares of American Airlines Group in a research report on Friday, May 19th. Vetr downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and set a $46.04 target price on the stock. in a research report on Wednesday, April 19th. Cowen and Company reissued an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Finally, J P Morgan Chase & Co downgraded shares of American Airlines Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $59.00 to $52.00 in a research report on Thursday, April 27th.

In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the transaction, the executive vice president now owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The transaction 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 company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 362,368 shares in the company, valued at approximately $18,024,184.32. The disclosure for this sale can be found here. Insiders have sold 187,623 shares of company stock valued at $9,389,966 in the last ninety days. Insiders own 0.64% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Gateway Investment Advisers LLC boosted its stake in shares of American Airlines Group by 4.4% in the first quarter. Gateway Investment Advisers LLC now owns 402,565 shares of the airline’s stock valued at $17,028,000 after buying an additional 16,784 shares in the last quarter. Telemus Capital LLC boosted its stake in shares of American Airlines Group by 42.4% in the first quarter. Telemus Capital LLC now owns 66,923 shares of the airline’s stock valued at $2,831,000 after buying an additional 19,930 shares in the last quarter. Regent Investment Management LLC boosted its stake in shares of American Airlines Group by 13.9% in the first quarter. Regent Investment Management LLC now owns 8,200 shares of the airline’s stock valued at $347,000 after buying an additional 1,000 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of American Airlines Group by 1.4% in the first quarter. Bank of Montreal Can now owns 370,464 shares of the airline’s stock valued at $15,670,000 after buying an additional 5,053 shares in the last quarter. Finally, E&G Advisors LP boosted its stake in shares of American Airlines Group by 19.0% in the first quarter. E&G Advisors LP now owns 39,390 shares of the airline’s stock valued at $1,666,000 after buying an additional 6,300 shares in the last quarter. 81.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Airlines Group (AAL) opened at 48.35 on Tuesday. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 12.00 and a beta of 0.96. American Airlines Group has a 1-year low of $33.90 and a 1-year high of $54.48. The company’s 50-day moving average is $51.01 and its 200 day moving average is $46.88.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.05. The business 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. Equities analysts anticipate that American Airlines Group will post $5.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 10th. American Airlines Group’s payout ratio is 9.88%.

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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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