American Airlines Group Inc (AAL) Receives “Outperform” Rating from Imperial Capital
Imperial Capital reaffirmed their outperform rating on shares of American Airlines Group Inc (NASDAQ:AAL) in a research note issued to investors on Friday morning. Imperial Capital currently has a $46.00 price target on the airline’s stock, down from their previous price target of $51.00.
Several other analysts have also weighed in on the stock. Vetr upgraded shares of American Airlines Group from a buy rating to a strong-buy rating and set a $52.26 target price for the company in a research note on Monday, January 30th. Morgan Stanley reiterated an overweight rating on shares of American Airlines Group in a research note on Friday, December 16th. Zacks Investment Research lowered shares of American Airlines Group from a buy rating to a hold rating in a research note on Wednesday, February 8th. Finally, Citigroup Inc initiated coverage on shares of American Airlines Group in a research note on Friday, November 18th. They set a buy rating and a $55.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $46.24.
American Airlines Group (NASDAQ:AAL) traded up 0.26% during mid-day trading on Friday, hitting $41.83. 4,412,756 shares of the stock traded hands. American Airlines Group has a 1-year low of $24.85 and a 1-year high of $50.64. The stock has a 50-day moving average of $45.19 and a 200 day moving average of $43.27. The firm has a market cap of $21.09 billion, a price-to-earnings ratio of 8.70 and a beta of 0.93.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, January 27th. The airline reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. American Airlines Group had a net margin of 6.66% and a return on equity of 86.54%. The firm earned $9.79 billion during the quarter, compared to analyst estimates of $9.74 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts expect that American Airlines Group will post $4.60 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Monday, February 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, February 9th. American Airlines Group’s dividend payout ratio (DPR) is 8.37%.
In related news, Chairman W Douglas Parker sold 113,706 shares of the company’s stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $48.12, for a total value of $5,471,532.72. Following the completion of the sale, the chairman now owns 1,772,430 shares of the company’s stock, valued at $85,289,331.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maya Leibman sold 9,455 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $46.79, for a total transaction of $442,399.45. Following the completion of the sale, the executive vice president now directly owns 165,884 shares of the company’s stock, valued at approximately $7,761,712.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,290 shares of company stock valued at $6,478,013. Corporate insiders own 0.64% of the company’s stock.
Large investors have recently bought and sold shares of the company. FMR LLC increased its stake in American Airlines Group by 36.2% in the fourth quarter. FMR LLC now owns 17,157,776 shares of the airline’s stock valued at $801,096,000 after buying an additional 4,560,205 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in American Airlines Group by 3.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 85,857,915 shares of the airline’s stock valued at $3,143,258,000 after buying an additional 2,634,064 shares during the last quarter. Norges Bank bought a new stake in American Airlines Group during the fourth quarter valued at $98,140,000. Morgan Stanley increased its stake in American Airlines Group by 51.7% in the third quarter. Morgan Stanley now owns 3,954,493 shares of the airline’s stock valued at $144,774,000 after buying an additional 1,347,744 shares during the last quarter. Finally, Tide Point Capital Management LP bought a new stake in American Airlines Group during the fourth quarter valued at $60,537,000. 76.78% of the stock is owned by institutional investors and hedge funds.
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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