American Airlines Group (AAL) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for American Airlines Group (NASDAQ: AAL):

  • 2/8/2019 – American Airlines Group is now covered by analysts at Argus. They set a “hold” rating and a $36.00 price target on the stock.
  • 2/4/2019 – American Airlines Group is now covered by analysts at Vertical Research. They set a “hold” rating on the stock.
  • 1/29/2019 – American Airlines Group was given a new $53.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 1/25/2019 – American Airlines Group was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 1/25/2019 – American Airlines Group had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $46.00 price target on the stock, up previously from $42.00.
  • 1/11/2019 – American Airlines Group was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 1/10/2019 – American Airlines Group had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $42.00 price target on the stock, down previously from $43.00.
  • 1/9/2019 – American Airlines Group had its price target lowered by analysts at Imperial Capital from $55.00 to $45.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/13/2018 – American Airlines Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “American Airlines is benefiting from strong demand for air travel. In the first nine months of 2018, passenger revenues — which account for bulk of the top line — increased 4.3% owing to the upbeat demand. Solid passenger revenues should boost top-line growth in the fourth quarter as well. Total revenue per available seat miles (TRASM: a key measure of unit revenues) is anticipated to increase in the band of 1.5-3.5% during the fourth quarter. The carrier's efforts to modernize its fleet are an added positive. It is constantly adding more efficient planes to its fleet and removing outdated ones. Initiatives to reward shareholders through dividends and buybacks also please us. However, fuel costs are likely to hurt its fourth-quarter results despite the current downward trend. High fuel costs apart, expenses on the labor front are likely to limit bottom-line growth. Mainly due to high costs, shares have declined 34% year to date.”

AAL stock traded up $0.59 during trading on Monday, reaching $36.59. The stock had a trading volume of 4,896,730 shares, compared to its average volume of 9,146,771. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.18 and a beta of 1.59. American Airlines Group Inc has a one year low of $28.81 and a one year high of $57.44.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The firm had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.94 billion. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share. As a group, research analysts predict that American Airlines Group Inc will post 6 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, February 5th. American Airlines Group’s payout ratio is 8.79%.

In other American Airlines Group news, Director Jeffrey D. Benjamin purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average cost of $35.69 per share, for a total transaction of $535,350.00. Following the purchase, the director now owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA lifted its stake in American Airlines Group by 16.3% in the 3rd quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock worth $2,849,496,000 after purchasing an additional 9,665,167 shares in the last quarter. BlackRock Inc. lifted its stake in American Airlines Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock worth $756,426,000 after purchasing an additional 444,541 shares in the last quarter. Lansdowne Partners UK LLP lifted its stake in American Airlines Group by 23.5% in the 3rd quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock worth $305,501,000 after purchasing an additional 1,407,699 shares in the last quarter. Capital World Investors lifted its stake in American Airlines Group by 653.7% in the 3rd quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock worth $271,621,000 after purchasing an additional 5,700,000 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in American Airlines Group by 2,405.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,249,791 shares of the airline’s stock worth $132,000 after purchasing an additional 4,080,170 shares in the last quarter. Institutional investors own 82.04% of the company’s stock.

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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