American Airlines Group, Inc. (AAL) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a report issued on Monday.

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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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