American Airlines Group (AAL) Given a $60.00 Price Target at Stephens

Stephens set a $60.00 price target on American Airlines Group (NASDAQ:AAL) in a report issued on Tuesday. The firm currently has a hold rating on the airline’s stock.

Several other brokerages have also issued reports on AAL. Zacks Investment Research upgraded shares of American Airlines Group from a hold rating to a buy rating and set a $63.00 price target for the company in a research note on Tuesday, March 13th. Buckingham Research restated a buy rating and set a $71.00 price objective (up from $66.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Imperial Capital restated an in-line rating and set a $53.00 price objective (up from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Citigroup raised their price objective on shares of American Airlines Group to $65.00 and gave the company a buy rating in a research note on Thursday, January 11th. Finally, Morgan Stanley raised their price objective on shares of American Airlines Group from $58.00 to $60.00 and gave the company an equal weight rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $61.44.

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Shares of American Airlines Group stock opened at $45.75 on Tuesday. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52. The stock has a market capitalization of $21,953.63, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.48 and a beta of 0.96. American Airlines Group has a 1 year low of $42.01 and a 1 year high of $59.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. American Airlines Group’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. equities research analysts expect that American Airlines Group will post 5.81 earnings per share for the current fiscal year.

In related news, VP Derek J. Kerr sold 39,662 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.77, for a total value of $2,092,963.74. Following the transaction, the vice president now owns 429,046 shares of the company’s stock, valued at $22,640,757.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew J. Hart sold 35,182 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the completion of the transaction, the director now directly owns 33,258 shares in the company, valued at approximately $1,726,090.20. The disclosure for this sale can be found here. Insiders sold 77,844 shares of company stock valued at $4,077,040 over the last quarter. Company insiders own 0.69% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its holdings in American Airlines Group by 7.4% during the third quarter. Janus Henderson Group PLC now owns 48,772 shares of the airline’s stock valued at $2,316,000 after purchasing an additional 3,345 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in American Airlines Group during the third quarter valued at approximately $382,000. Janney Montgomery Scott LLC lifted its holdings in American Airlines Group by 40.9% during the third quarter. Janney Montgomery Scott LLC now owns 34,598 shares of the airline’s stock valued at $1,643,000 after purchasing an additional 10,037 shares in the last quarter. GSA Capital Partners LLP purchased a new position in American Airlines Group during the third quarter valued at approximately $405,000. Finally, American National Bank lifted its holdings in American Airlines Group by 16.4% during the fourth quarter. American National Bank now owns 52,842 shares of the airline’s stock valued at $2,750,000 after purchasing an additional 7,451 shares in the last quarter. 80.55% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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