American Airlines Group Inc. (NASDAQ:AAL)‘s stock had its “buy” rating reissued by analysts at Buckingham Research in a research report issued on Tuesday. They presently have a $49.00 price target on the airline’s stock, up from their prior price target of $44.00. Buckingham Research’s price target points to a potential upside of 34.06% from the company’s previous close.
American Airlines Group (NASDAQ:AAL) traded up 2.09% during midday trading on Tuesday, reaching $36.55. 8,871,189 shares of the company were exchanged. The firm has a market cap of $19.37 billion and a P/E ratio of 3.45. American Airlines Group has a one year low of $24.85 and a one year high of $47.09. The firm’s 50-day moving average is $31.64 and its 200-day moving average is $36.38.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Friday, July 22nd. The airline reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. During the same quarter in the previous year, the business earned $2.62 EPS. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.27 billion. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts expect that American Airlines Group will post $5.40 EPS for the current fiscal year.
A number of large investors have modified their holdings of AAL. OppenheimerFunds Inc. acquired a new stake in shares of American Airlines Group during the fourth quarter worth $2,374,000. GAM Holding AG increased its stake in shares of American Airlines Group by 2.4% in the fourth quarter. GAM Holding AG now owns 65,693 shares of the airline’s stock worth $2,782,000 after buying an additional 1,510 shares during the last quarter. Bank of Montreal Can increased its stake in shares of American Airlines Group by 149.6% in the fourth quarter. Bank of Montreal Can now owns 2,345,693 shares of the airline’s stock worth $99,340,000 after buying an additional 1,405,784 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of American Airlines Group by 41.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 153,829 shares of the airline’s stock worth $7,075,000 after buying an additional 44,759 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of American Airlines Group by 12.4% in the fourth quarter. Schroder Investment Management Group now owns 1,314,808 shares of the airline’s stock worth $55,682,000 after buying an additional 145,135 shares during the last quarter.
In other American Airlines Group news, EVP Beverly K. Goulet sold 20,000 shares of American Airlines Group stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $32.75, for a total value of $655,000.00. Following the completion of the sale, the executive vice president now directly owns 308,604 shares in the company, valued at $10,106,781. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard P. Schifter bought 3,000 shares of the stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $32.13 per share, with a total value of $96,390.00. Following the completion of the acquisition, the director now owns 18,656 shares of the company’s stock, valued at approximately $599,417.28. The disclosure for this purchase can be found here.
AAL has been the topic of a number of other research reports. Morgan Stanley restated an “overweight” rating on shares of American Airlines Group in a research report on Wednesday, June 15th. Deutsche Bank AG raised their price target on American Airlines Group from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. Cowen and Company decreased their price target on American Airlines Group from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, April 22nd. JPMorgan Chase & Co. restated an “overweight” rating and issued a $50.50 price target on shares of American Airlines Group in a research report on Tuesday, April 12th. Finally, Vetr upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $42.47 price target on the stock in a research report on Monday, April 4th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.00.
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).
