American Airlines Group (NASDAQ:AAL) had its price target lowered by Buckingham Research from $45.00 to $43.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the airline’s stock.
A number of other equities research analysts also recently commented on the company. Deutsche Bank downgraded RIGHTMOVE PLC/ADR from a buy rating to a hold rating in a research report on Monday, April 29th. Bank of America set a $152.00 price objective on Caterpillar and gave the company a buy rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. Imperial Capital reissued an outperform rating and set a $5.50 target price (down from $11.00) on shares of Town Sports International in a research note on Tuesday, April 30th. Finally, Cowen reissued an outperform rating and set a $41.00 target price (down from $42.00) on shares of American Airlines Group in a research note on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. American Airlines Group has a consensus rating of Hold and an average target price of $42.38.
Shares of NASDAQ:AAL opened at $33.78 on Thursday. American Airlines Group has a one year low of $27.02 and a one year high of $43.89. The firm’s fifty day moving average is $31.20. The firm has a market cap of $15.03 billion, a P/E ratio of 7.42, a PEG ratio of 0.36 and a beta of 1.69.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, April 26th. The airline reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $10.61 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts anticipate that American Airlines Group will post 5.14 earnings per share for the current year.
In related news, EVP Stephen L. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $27.72 per share, with a total value of $138,600.00. Following the completion of the purchase, the executive vice president now owns 622,580 shares of the company’s stock, valued at approximately $17,257,917.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO W Douglas Parker purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $28.09 per share, for a total transaction of $1,404,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,201,636 shares of the company’s stock, valued at approximately $61,843,955.24. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 95,000 shares of company stock worth $2,674,350. Company insiders own 0.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AAL. Accurate Investment Solutions Inc. increased its stake in shares of American Airlines Group by 100.0% in the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in shares of American Airlines Group by 69.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock worth $34,000 after acquiring an additional 437 shares during the last quarter. Howe & Rusling Inc. acquired a new position in shares of American Airlines Group in the first quarter worth $39,000. Valeo Financial Advisors LLC increased its stake in shares of American Airlines Group by 1,030.9% in the first quarter. Valeo Financial Advisors LLC now owns 1,244 shares of the airline’s stock worth $40,000 after acquiring an additional 1,134 shares during the last quarter. Finally, CWM LLC acquired a new position in shares of American Airlines Group in the first quarter worth $43,000. 79.37% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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