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.
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