American Airlines Group (NASDAQ:AAL) Receives In-Line Rating from Imperial Capital

Imperial Capital reaffirmed their in-line rating on shares of American Airlines Group (NASDAQ:AAL) in a report published on Tuesday, April 30th, FirstToMarketsRatingsTable reports. The firm currently has a $41.00 price target on the airline’s stock, down from their previous price target of $43.00. Imperial Capital also issued estimates for American Airlines Group’s Q2 2019 earnings at $1.65 EPS, Q3 2019 earnings at $1.50 EPS, Q4 2019 earnings at $1.64 EPS, FY2019 earnings at $5.30 EPS and FY2020 earnings at $6.00 EPS.

Several other equities analysts have also recently weighed in on the company. Citigroup lowered their price target on American Airlines Group from $59.00 to $56.00 and set a buy rating on the stock in a report on Friday, March 8th. Zacks Investment Research raised American Airlines Group from a strong sell rating to a hold rating in a report on Monday, April 15th. BidaskClub cut American Airlines Group from a hold rating to a sell rating in a report on Tuesday, April 30th. Cowen reissued an outperform rating and set a $41.00 price target (down from $42.00) on shares of American Airlines Group in a report on Monday, April 29th. Finally, Vertical Research assumed coverage on American Airlines Group in a report on Monday, February 4th. They set a hold rating on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. American Airlines Group has an average rating of Hold and a consensus target price of $43.31.

AAL stock traded down $1.38 during midday trading on Tuesday, hitting $29.92. The company’s stock had a trading volume of 9,826,948 shares, compared to its average volume of 7,265,811. The stock has a market capitalization of $13.31 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.54. American Airlines Group has a 12 month low of $28.81 and a 12 month high of $45.82.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $10.61 billion. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, analysts predict that American Airlines Group will post 5.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. American Airlines Group’s dividend payout ratio is currently 8.79%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in American Airlines Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock worth $756,426,000 after buying an additional 444,541 shares in the last quarter. Harris Associates L P increased its stake in American Airlines Group by 14.0% in the 4th quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock worth $608,528,000 after buying an additional 2,328,627 shares in the last quarter. FMR LLC grew its position in shares of American Airlines Group by 37.5% during the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock valued at $456,824,000 after purchasing an additional 3,883,285 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American Airlines Group by 4.1% during the first quarter. Geode Capital Management LLC now owns 5,758,200 shares of the airline’s stock valued at $182,642,000 after purchasing an additional 227,207 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of American Airlines Group by 2,405.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,249,791 shares of the airline’s stock valued at $132,000 after purchasing an additional 4,080,170 shares in the last quarter. Institutional investors and hedge funds own 82.07% of the company’s stock.

American Airlines Group Company Profile

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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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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