American Airlines Group, Inc. (AAL) Receives “Equal Weight” Rating from Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research note released on Monday.

AAL has been the subject of a number of other reports. BidaskClub lowered American Airlines Group from a sell rating to a strong sell rating in a research report on Friday. Citigroup Inc. restated a buy rating on shares of American Airlines Group in a research report on Wednesday, September 13th. Cowen and Company restated an outperform rating and set a $55.00 price objective on shares of American Airlines Group in a research report on Tuesday, September 26th. Imperial Capital restated an in-line rating and set a $49.00 price objective (up from $43.00) on shares of American Airlines Group in a research report on Sunday, July 23rd. Finally, Sanford C. Bernstein restated a hold rating on shares of American Airlines Group in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. American Airlines Group currently has an average rating of Buy and a consensus price target of $58.47.

American Airlines Group (NASDAQ AAL) traded down $0.08 during trading hours on Monday, hitting $45.74. The company had a trading volume of 1,772,400 shares, compared to its average volume of 6,166,118. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. American Airlines Group has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The firm has a market cap of $21,920.00, a price-to-earnings ratio of 9.41 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same quarter last year, the company posted $2.80 EPS. American Airlines Group’s revenue for the quarter was up 2.7% on a year-over-year basis. analysts anticipate that American Airlines Group will post 4.64 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, November 10th. American Airlines Group’s payout ratio is 10.18%.

In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the sale, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in American Airlines Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 30,304,361 shares of the airline’s stock valued at $1,524,915,000 after buying an additional 93,279 shares during the last quarter. Carmignac Gestion grew its holdings in American Airlines Group by 0.3% in the 2nd quarter. Carmignac Gestion now owns 4,223,251 shares of the airline’s stock valued at $212,514,000 after buying an additional 13,700 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in American Airlines Group by 1.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,705,246 shares of the airline’s stock valued at $186,448,000 after buying an additional 64,713 shares during the last quarter. LSV Asset Management grew its holdings in American Airlines Group by 8.7% in the 2nd quarter. LSV Asset Management now owns 3,424,746 shares of the airline’s stock valued at $172,333,000 after buying an additional 274,264 shares during the last quarter. Finally, Boston Partners acquired a new stake in American Airlines Group in the 3rd quarter valued at approximately $113,633,000. 83.51% 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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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