Citigroup began coverage on shares of American Airlines Group (NASDAQ:AAL) in a research note issued to investors on Wednesday, The Fly reports. The firm issued a positive rating and a $47.00 target price on the airline’s stock.
Several other equities analysts also recently weighed in on AAL. Zacks Investment Research reiterated a hold rating on shares of American Airlines Group in a research report on Monday, November 12th. Imperial Capital cut their price objective on American Airlines Group from $56.00 to $50.00 and set an outperform rating on the stock in a report on Wednesday, October 10th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on American Airlines Group in a report on Monday, November 19th. They issued a neutral rating and a $41.00 price objective on the stock. ValuEngine downgraded American Airlines Group from a sell rating to a strong sell rating in a report on Tuesday, October 9th. Finally, BidaskClub downgraded American Airlines Group from a hold rating to a sell rating in a report on Thursday, October 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. American Airlines Group currently has an average rating of Buy and a consensus target price of $50.06.
NASDAQ AAL opened at $40.16 on Wednesday. American Airlines Group has a twelve month low of $30.24 and a twelve month high of $59.08. The stock has a market cap of $17.70 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. American Airlines Group’s dividend payout ratio (DPR) is 8.20%.
In related news, Director Jeffrey D. Benjamin bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of $35.69 per share, for a total transaction of $535,350.00. Following the acquisition, the director now owns 22,146 shares in the company, valued at approximately $790,390.74. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Cahill bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average price of $33.47 per share, for a total transaction of $836,750.00. Following the completion of the acquisition, the director now owns 6,531 shares in the company, valued at approximately $218,592.57. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Morgan Stanley raised its holdings in shares of American Airlines Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock valued at $82,181,000 after buying an additional 33,850 shares during the period. Legal & General Group Plc raised its holdings in shares of American Airlines Group by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 718,125 shares of the airline’s stock valued at $29,680,000 after buying an additional 22,066 shares during the period. Standard Life Aberdeen plc raised its holdings in shares of American Airlines Group by 16.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 93,981 shares of the airline’s stock valued at $3,884,000 after buying an additional 12,944 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of American Airlines Group by 108.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,366 shares of the airline’s stock valued at $138,000 after buying an additional 1,753 shares during the period. Finally, Point72 Europe London LLP purchased a new stake in shares of American Airlines Group during the 3rd quarter valued at about $4,203,000. Institutional investors and hedge funds own 84.47% of the company’s stock.
About American Airlines Group
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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