Sanford C. Bernstein Reaffirms Hold Rating for American Airlines Group, Inc. (AAL)

Sanford C. Bernstein reaffirmed their hold rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research report sent to investors on Monday morning.

Several other brokerages have also issued reports on AAL. Morgan Stanley reiterated an equal weight rating and issued a $54.00 price target (up from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Citigroup Inc. lifted their price target on shares of American Airlines Group from $58.00 to $67.00 and gave the company a buy rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of American Airlines Group from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Imperial Capital reiterated an in-line rating and issued a $49.00 price target (up from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Finally, Cowen and Company upgraded shares of American Airlines Group from a market perform rating to an outperform rating and lifted their price target for the company from $55.00 to $57.00 in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $53.57.

American Airlines Group (NASDAQ AAL) opened at 49.40 on Monday. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48. The firm has a market capitalization of $24.06 billion, a P/E ratio of 12.26 and a beta of 0.96. The firm’s 50-day moving average is $51.03 and its 200 day moving average is $46.85. American Airlines Group also was the recipient of some unusual options trading activity on Monday. Stock investors purchased 1,841 put options on the stock. This represents an increase of 221% compared to the average volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. During the same period in the previous year, the business earned $1.77 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group will post $5.13 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. American Airlines Group’s dividend payout ratio is presently 9.88%.

In related news, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elise R. Eberwein sold 33,400 shares of American Airlines Group stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the sale, the executive vice president now directly owns 362,368 shares of the company’s stock, valued at approximately $18,024,184.32. The disclosure for this sale can be found here. Insiders have sold a total of 187,623 shares of company stock worth $9,389,966 over the last 90 days. 0.64% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in AAL. Teacher Retirement System of Texas increased its stake in shares of American Airlines Group by 9.2% in the first quarter. Teacher Retirement System of Texas now owns 323,344 shares of the airline’s stock valued at $13,677,000 after buying an additional 27,340 shares during the last quarter. Strs Ohio increased its stake in shares of American Airlines Group by 23.0% in the first quarter. Strs Ohio now owns 454,865 shares of the airline’s stock valued at $19,240,000 after buying an additional 85,000 shares during the last quarter. Beach Investment Counsel Inc. PA increased its stake in shares of American Airlines Group by 122.8% in the first quarter. Beach Investment Counsel Inc. PA now owns 174,197 shares of the airline’s stock valued at $7,369,000 after buying an additional 96,007 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of American Airlines Group by 519.7% in the first quarter. Great Lakes Advisors LLC now owns 55,422 shares of the airline’s stock valued at $2,344,000 after buying an additional 46,478 shares during the last quarter. Finally, Gendell Jeffrey L increased its stake in shares of American Airlines Group by 47.7% in the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock valued at $43,728,000 after buying an additional 334,053 shares during the last quarter. 81.51% of the stock is owned by institutional investors and hedge funds.

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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