American Airlines Group, Inc. (AAL) Earns Equal Weight Rating from Morgan Stanley

American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a report released on Monday.

Other analysts also recently issued research reports about the stock. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price for the company in a research report on Tuesday, May 23rd. Stifel Nicolaus reissued a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Atlantic Securities assumed coverage on American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.78.

Shares of American Airlines Group (NASDAQ AAL) opened at 45.31 on Monday. The stock’s 50 day moving average is $46.77 and its 200 day moving average is $46.75. American Airlines Group has a 12 month low of $33.90 and a 12 month high of $54.48. The firm has a market cap of $22.07 billion, a PE ratio of 11.25 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that American Airlines Group will post $4.86 EPS for the current fiscal year.

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In other news, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,476 shares of company stock worth $3,159,738. Company insiders own 0.69% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in American Airlines Group by 9.2% in the 1st quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock worth $13,677,000 after acquiring an additional 27,340 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in American Airlines Group by 33.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock worth $9,256,000 after acquiring an additional 46,114 shares during the last quarter. Allen Investment Management LLC increased its holdings in American Airlines Group by 65.3% in the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock worth $1,885,000 after acquiring an additional 14,797 shares during the last quarter. Gendell Jeffrey L increased its holdings in American Airlines Group by 47.7% in the 1st quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock worth $43,728,000 after acquiring an additional 334,053 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in American Airlines Group by 519.7% in the 1st quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock worth $2,344,000 after acquiring an additional 46,478 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

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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