American Airlines Group Inc (NASDAQ:AAL) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage currently has a $46.04 target price on the airline’s stock. Vetr‘s price objective would indicate a potential upside of 1.79% from the stock’s previous close.
AAL has been the subject of several other research reports. Morgan Stanley reissued an “overweight” rating on shares of American Airlines Group in a research note on Friday, December 16th. Deutsche Bank AG reissued a “buy” rating and issued a $55.00 target price on shares of American Airlines Group in a research note on Tuesday, January 31st. Barclays PLC assumed coverage on shares of American Airlines Group in a research note on Thursday, December 15th. They issued an “equal weight” rating and a $62.00 target price for the company. Imperial Capital upped their price objective on shares of American Airlines Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Tuesday, January 31st. Finally, Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.90.
Shares of American Airlines Group (NASDAQ:AAL) traded down 0.13% during mid-day trading on Tuesday, reaching $45.16. 2,164,903 shares of the company’s stock were exchanged. The company’s 50 day moving average is $42.87 and its 200 day moving average is $44.26. The stock has a market capitalization of $22.77 billion, a PE ratio of 9.39 and a beta of 0.93. American Airlines Group has a 1-year low of $24.85 and a 1-year high of $50.64.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, January 27th. The airline reported $0.92 earnings per share for the quarter, meeting the 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 the consensus estimate of $9.74 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that American Airlines Group will post $4.63 EPS for the current fiscal year.
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In related news, EVP Maya Leibman sold 9,455 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,761,712.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray M. Robinson sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $45.22, for a total value of $361,760.00. Following the sale, the director now directly owns 35,077 shares in the company, valued at $1,586,181.94. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 23,500 shares of company stock valued at $17,025. Company insiders own 0.64% of the company’s stock.
A number of large investors have recently modified their holdings of AAL. Rothschild Investment Corp IL bought a new stake in shares of American Airlines Group during the third quarter valued at $229,000. Meeder Asset Management Inc. bought a new stake in shares of American Airlines Group during the third quarter valued at $237,000. Everence Capital Management Inc. bought a new stake in shares of American Airlines Group during the third quarter valued at $209,000. Kirr Marbach & Co. LLC IN raised its stake in shares of American Airlines Group by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 316,532 shares of the airline’s stock valued at $11,588,000 after buying an additional 885 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of American Airlines Group during the third quarter valued at $977,000. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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