Other equities analysts have also issued reports about the company. ValuEngine raised American Airlines Group from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Morgan Stanley reduced their price objective on American Airlines Group from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, October 10th. Berenberg Bank set a $35.00 price objective on American Airlines Group and gave the company a “buy” rating in a research note on Tuesday, October 15th. Cowen set a $36.00 price objective on American Airlines Group and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group initiated coverage on American Airlines Group in a research note on Tuesday, November 12th. They issued a “sell” rating and a $27.00 price objective on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. American Airlines Group currently has an average rating of “Hold” and a consensus target price of $34.85.
American Airlines Group stock traded up $0.48 during midday trading on Tuesday, reaching $28.06. 1,789,889 shares of the company were exchanged, compared to its average volume of 6,512,223. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 1.56 and a beta of 1.63. The firm’s 50-day simple moving average is $28.07 and its 200-day simple moving average is $28.87. American Airlines Group has a 1 year low of $24.23 and a 1 year high of $37.23. The company has a debt-to-equity ratio of 135.16, a quick ratio of 0.40 and a current ratio of 0.49.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. American Airlines Group had a negative return on equity of 1,294.15% and a net margin of 3.50%. The firm had revenue of $11.91 billion for the quarter, compared to analyst estimates of $11.93 billion. During the same period last year, the company earned $1.13 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that American Airlines Group will post 4.99 EPS for the current fiscal year.
In other American Airlines Group news, Director James F. Albaugh acquired 10,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were bought at an average cost of $31.41 per share, for a total transaction of $314,100.00. Following the acquisition, the director now directly owns 36,091 shares of the company’s stock, valued at $1,133,618.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.86% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in American Airlines Group by 16.8% during the 2nd quarter. Vanguard Group Inc. now owns 42,092,587 shares of the airline’s stock valued at $1,372,639,000 after purchasing an additional 6,059,070 shares during the period. Nuveen Asset Management LLC boosted its position in American Airlines Group by 95.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,612,922 shares of the airline’s stock valued at $215,648,000 after purchasing an additional 3,234,558 shares during the period. Invesco Ltd. boosted its position in American Airlines Group by 1.4% during the 2nd quarter. Invesco Ltd. now owns 6,034,298 shares of the airline’s stock valued at $196,779,000 after purchasing an additional 83,200 shares during the period. Parametric Portfolio Associates LLC boosted its position in American Airlines Group by 2.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,178,307 shares of the airline’s stock valued at $58,749,000 after purchasing an additional 53,764 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in American Airlines Group by 1.3% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 1,759,350 shares of the airline’s stock valued at $57,372,000 after purchasing an additional 21,809 shares during the period. Institutional investors own 79.52% of the company’s stock.
About American Airlines Group
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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