American Airlines Group’s (AAL) Buy Rating Reaffirmed at Buckingham Research
Buckingham Research reiterated their buy rating on shares of American Airlines Group (NASDAQ:AAL) in a research report sent to investors on Thursday, MarketBeat reports. Buckingham Research currently has a $71.00 price target on the airline’s stock, up from their prior price target of $66.00.
A number of other research analysts have also recently issued reports on AAL. Citigroup raised their price target on shares of American Airlines Group to $65.00 and gave the stock a buy rating in a report on Thursday. Morgan Stanley reaffirmed an equal weight rating and issued a $51.00 price target (up previously from $47.00) on shares of American Airlines Group in a report on Monday, October 2nd. Stephens reaffirmed a hold rating and issued a $62.00 price target on shares of American Airlines Group in a report on Wednesday. Cowen reaffirmed an outperform rating and issued a $55.00 price target on shares of American Airlines Group in a report on Tuesday, September 26th. Finally, Imperial Capital reaffirmed an in-line rating and issued a $53.00 price target (up previously from $47.00) on shares of American Airlines Group in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. American Airlines Group currently has a consensus rating of Buy and an average target price of $60.35.
American Airlines Group (AAL) traded up $2.05 during midday trading on Thursday, hitting $58.47. 7,505,254 shares of the company’s stock were exchanged, compared to its average volume of 4,510,000. The stock has a market capitalization of $27,980.00, a PE ratio of 14.88, a P/E/G ratio of 5.37 and a beta of 0.99. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $58.73. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.80 earnings per share. sell-side analysts forecast that American Airlines Group will post 4.8 earnings per share for the current year.
In related news, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the sale, the chief executive officer now owns 1,925,242 shares in the company, valued at $100,728,661.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AAL. Westside Investment Management Inc. grew its position in American Airlines Group by 3.5% during the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares during the period. WFG Advisors LP grew its position in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after purchasing an additional 519 shares during the period. Exane Derivatives grew its position in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after purchasing an additional 2,090 shares during the period. IHT Wealth Management LLC grew its position in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after purchasing an additional 2,000 shares during the period. Finally, Blue Granite Capital LLC acquired a new stake in shares of American Airlines Group in the third quarter valued at about $131,000. Institutional investors own 81.20% of the company’s stock.
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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