American Airlines Group Inc (NASDAQ:AAL) – Equities research analysts at Imperial Capital cut their FY2018 earnings per share (EPS) estimates for shares of American Airlines Group in a report released on Wednesday, January 9th. Imperial Capital analyst M. Derchin now expects that the airline will post earnings of $4.70 per share for the year, down from their previous forecast of $4.80. Imperial Capital currently has a “Outperform” rating and a $45.00 target price on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q4 2018 earnings at $1.20 EPS and Q3 2019 earnings at $1.57 EPS.
AAL has been the topic of several other research reports. Deutsche Bank upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $47.00 in a research report on Wednesday, October 17th. Macquarie set a $45.00 price target on American Airlines Group and gave the company a “buy” rating in a research report on Monday, October 8th. BidaskClub upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Citigroup boosted their price target on American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Finally, Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $48.24.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. The company had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.55 billion.
In other news, Director Jeffrey D. Benjamin purchased 15,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of $35.69 per share, with a total value of $535,350.00. Following the purchase, the director now directly owns 22,146 shares of the company’s stock, valued at $790,390.74. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill purchased 25,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of $33.47 per share, for a total transaction of $836,750.00. Following the purchase, the director now directly owns 6,531 shares in the company, valued at $218,592.57. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 16.3% during the 3rd quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock worth $2,849,496,000 after acquiring an additional 9,665,167 shares in the last quarter. Lansdowne Partners UK LLP boosted its stake in shares of American Airlines Group by 23.5% during the 3rd quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock worth $305,501,000 after acquiring an additional 1,407,699 shares in the last quarter. Capital World Investors boosted its stake in shares of American Airlines Group by 653.7% during the 3rd quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock worth $271,621,000 after acquiring an additional 5,700,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of American Airlines Group by 19.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,270,123 shares of the airline’s stock worth $135,155,000 after acquiring an additional 528,532 shares in the last quarter. Finally, RWC Asset Management LLP lifted its stake in American Airlines Group by 40.1% in the 3rd quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock valued at $96,766,000 after buying an additional 669,842 shares in the last quarter. 81.14% of the stock is currently owned by institutional investors and hedge funds.
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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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