American Airlines Group Inc. (NASDAQ:AAL – Free Report) has been assigned an average rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.00.
A number of analysts recently commented on the company. Bank of America increased their price target on American Airlines Group from $9.50 to $11.00 and gave the company an “underperform” rating in a research report on Monday, June 26th. Morgan Stanley boosted their price target on shares of American Airlines Group from $19.00 to $20.00 in a report on Friday, April 28th. Royal Bank of Canada upgraded shares of American Airlines Group to an “outperform” rating in a report on Tuesday, June 6th. JPMorgan Chase & Co. upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $29.00 in a research note on Monday, May 8th. Finally, StockNews.com initiated coverage on shares of American Airlines Group in a research report on Thursday, May 18th. They set a “buy” rating for the company.
Insider Buying and Selling at American Airlines Group
In related news, Director Douglas M. Steenland sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $14.10, for a total transaction of $27,495.00. Following the sale, the director now owns 29,736 shares of the company’s stock, valued at approximately $419,277.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American Airlines Group news, Director Douglas M. Steenland sold 1,950 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $14.10, for a total value of $27,495.00. Following the transaction, the director now directly owns 29,736 shares in the company, valued at approximately $419,277.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Angela Owens sold 21,984 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $13.79, for a total value of $303,159.36. Following the completion of the sale, the senior vice president now directly owns 59,830 shares in the company, valued at approximately $825,055.70. The disclosure for this sale can be found here. Insiders sold 25,934 shares of company stock valued at $358,414 in the last quarter. 0.78% of the stock is currently owned by corporate insiders.
Institutional Trading of American Airlines Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. ARGI Investment Services LLC boosted its stake in American Airlines Group by 46.8% in the fourth quarter. ARGI Investment Services LLC now owns 15,686 shares of the airline’s stock worth $200,000 after buying an additional 5,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of American Airlines Group by 182.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 107,128 shares of the airline’s stock valued at $1,363,000 after purchasing an additional 69,217 shares during the last quarter. abrdn plc raised its position in American Airlines Group by 8.7% in the 4th quarter. abrdn plc now owns 118,851 shares of the airline’s stock worth $1,512,000 after purchasing an additional 9,526 shares during the period. Assenagon Asset Management S.A. bought a new stake in American Airlines Group in the fourth quarter worth $3,176,000. Finally, Bartlett & Co. LLC purchased a new stake in American Airlines Group during the first quarter valued at about $27,000. Hedge funds and other institutional investors own 57.06% of the company’s stock.
American Airlines Group Stock Up 2.6 %
AAL stock opened at $18.35 on Friday. The firm has a market capitalization of $11.98 billion, a PE ratio of 7.25 and a beta of 1.56. American Airlines Group has a twelve month low of $11.65 and a twelve month high of $18.55. The stock’s 50 day moving average is $15.50 and its 200-day moving average is $15.09.
American Airlines Group (NASDAQ:AAL – Free Report) last posted its quarterly earnings data on Thursday, April 27th. The airline reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. American Airlines Group had a net margin of 3.39% and a negative return on equity of 26.84%. The firm had revenue of $12.19 billion for the quarter, compared to the consensus estimate of $12.20 billion. During the same period in the previous year, the firm earned ($2.32) EPS. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group will post 2.98 earnings per share for the current fiscal year.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
Further Reading
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