American Airlines Group Inc (AAL) Price Target Cut to $46.00 by Analysts at Cowen and Company
American Airlines Group Inc (NASDAQ:AAL) had its price target decreased by research analysts at Cowen and Company to $46.00 in a research report issued to clients and investors on Monday. Cowen and Company’s price target suggests a potential upside of 10.26% from the stock’s current price.
A number of other brokerages have also issued reports on AAL. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $58.50 price objective for the company in a report on Wednesday, December 21st. Sanford C. Bernstein reissued an “underperform” rating and issued a $42.00 price objective (up previously from $31.00) on shares of American Airlines Group in a report on Wednesday, December 21st. Imperial Capital upped their price objective on shares of American Airlines Group from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, January 12th. Morgan Stanley reissued an “overweight” rating on shares of American Airlines Group in a report on Friday, December 16th. Finally, Barclays PLC began coverage on shares of American Airlines Group in a report on Thursday, December 15th. They issued an “equal weight” rating and a $62.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $46.24.
Shares of American Airlines Group (NASDAQ:AAL) opened at 41.72 on Monday. The stock has a 50 day moving average of $45.19 and a 200 day moving average of $43.27. The company has a market cap of $21.03 billion, a price-to-earnings ratio of 8.67 and a beta of 0.93. American Airlines Group has a 12-month low of $24.85 and a 12-month high of $50.64.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, January 27th. The airline reported $0.92 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 prior year, the firm posted $2.00 earnings per share. American Airlines Group’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts forecast that American Airlines Group will post $4.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Monday, February 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. American Airlines Group’s dividend payout ratio is presently 8.37%.
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In other news, Director Ray M. Robinson sold 8,000 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $45.22, for a total transaction of $361,760.00. Following the sale, the director now owns 35,077 shares of the company’s stock, valued at $1,586,181.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maya Leibman sold 9,455 shares of the 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 sale, the executive vice president now directly owns 165,884 shares in the company, valued at approximately $7,761,712.36. The disclosure for this sale can be found here. Insiders have sold 135,290 shares of company stock worth $6,478,013 in the last three months. Corporate insiders own 0.64% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of American Airlines Group during the third quarter valued at about $237,000. Rothschild Investment Corp IL acquired a new stake in shares of American Airlines Group during the third quarter valued at about $229,000. MSI Financial Services Inc boosted its stake in shares of American Airlines Group by 23.7% in the third quarter. MSI Financial Services Inc now owns 13,588 shares of the airline’s stock valued at $497,000 after buying an additional 2,607 shares in the last quarter. Edge Wealth Management LLC acquired a new stake in shares of American Airlines Group during the third quarter valued at about $366,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of American Airlines Group by 50.8% in the third quarter. Nisa Investment Advisors LLC now owns 134,825 shares of the airline’s stock valued at $4,936,000 after buying an additional 45,425 shares in the last quarter. 76.78% of the stock is currently owned by institutional investors and hedge funds.
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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