Several other brokerages have also issued reports on AAL. Imperial Capital reiterated an in-line rating and issued a $49.00 price target (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. BidaskClub lowered American Airlines Group from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Cowen and Company upgraded American Airlines Group from a market perform rating to an outperform rating and lifted their price target for the company from $55.00 to $57.00 in a research note on Monday, July 31st. Buckingham Research reissued a buy rating and set a $70.00 price objective (up previously from $68.00) on shares of American Airlines Group in a report on Monday, July 31st. Finally, J P Morgan Chase & Co raised American Airlines Group from a neutral rating to an overweight rating and raised their price objective for the company from $52.00 to $61.00 in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $58.47.
American Airlines Group (NASDAQ AAL) traded up $0.49 during midday trading on Monday, reaching $47.68. The company had a trading volume of 4,462,000 shares, compared to its average volume of 6,134,648. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. The company has a market capitalization of $22,720.00, a P/E ratio of 9.69 and a beta of 0.97.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same period last year, the firm posted $2.80 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. equities research analysts predict that American Airlines Group will post 4.64 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, November 10th. American Airlines Group’s dividend payout ratio is presently 10.18%.
In other news, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.
Several large investors have recently bought and sold shares of AAL. Bank of Montreal Can lifted its position in shares of American Airlines Group by 3.2% during the second quarter. Bank of Montreal Can now owns 382,370 shares of the airline’s stock worth $19,242,000 after acquiring an additional 11,906 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of American Airlines Group by 9.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 71,891 shares of the airline’s stock worth $3,618,000 after purchasing an additional 6,138 shares during the period. State of Alaska Department of Revenue bought a new position in shares of American Airlines Group in the second quarter worth $207,000. Mn Services Vermogensbeheer B.V. increased its holdings in shares of American Airlines Group by 498.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,530 shares of the airline’s stock worth $1,033,000 after purchasing an additional 17,101 shares during the period. Finally, Eqis Capital Management Inc. increased its holdings in shares of American Airlines Group by 51.1% in the second quarter. Eqis Capital Management Inc. now owns 10,984 shares of the airline’s stock worth $553,000 after purchasing an additional 3,713 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.
American Airlines Group Company Profile
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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