American Airlines Group (NASDAQ:AAL) PT Lowered to $25.00 at Morgan Stanley
American Airlines Group (NASDAQ:AAL) had its price objective trimmed by Morgan Stanley from $26.00 to $25.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has an underweight rating on the airline’s stock.
Other analysts have also issued research reports about the stock. Credit Suisse Group lowered shares of American Airlines Group from a neutral rating to an underperform rating and cut their price objective for the stock from $32.00 to $30.00 in a research note on Monday, July 8th. Citigroup set a $54.00 price objective on shares of American Airlines Group and gave the stock a buy rating in a research note on Friday, July 26th. ValuEngine lowered shares of American Airlines Group from a sell rating to a strong sell rating in a research note on Saturday, July 27th. BidaskClub lowered shares of American Airlines Group from a hold rating to a sell rating in a research note on Friday, August 16th. Finally, Barclays cut their price objective on shares of American Airlines Group from $60.00 to $48.00 and set an overweight rating on the stock in a research note on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. American Airlines Group has a consensus rating of Hold and a consensus price target of $40.76.
Shares of American Airlines Group stock opened at $29.94 on Tuesday. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.35 and a beta of 1.72. American Airlines Group has a 12-month low of $24.23 and a 12-month high of $43.89. The firm’s 50 day simple moving average is $27.93 and its two-hundred day simple moving average is $31.33.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, August 6th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.79%.
In related news, President Robert D. Isom, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average cost of $26.34 per share, with a total value of $65,850.00. Following the completion of the acquisition, the president now directly owns 771,271 shares in the company, valued at approximately $20,315,278.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael J. Embler acquired 4,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $28.18 per share, for a total transaction of $112,720.00. Following the completion of the acquisition, the director now owns 30,969 shares of the company’s stock, valued at $872,706.42. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Allied Advisory Services Inc. lifted its holdings in American Airlines Group by 4.3% during the first quarter. First Allied Advisory Services Inc. now owns 12,582 shares of the airline’s stock valued at $404,000 after purchasing an additional 522 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in American Airlines Group by 27.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 23,341 shares of the airline’s stock valued at $741,000 after purchasing an additional 4,984 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in American Airlines Group by 7.7% during the second quarter. Janus Henderson Group PLC now owns 27,590 shares of the airline’s stock valued at $900,000 after purchasing an additional 1,975 shares in the last quarter. Comerica Bank lifted its holdings in American Airlines Group by 2.4% during the second quarter. Comerica Bank now owns 81,183 shares of the airline’s stock valued at $2,700,000 after purchasing an additional 1,939 shares in the last quarter. Finally, GAM Holding AG purchased a new position in American Airlines Group during the first quarter valued at $202,000. 79.11% of the stock is currently owned by institutional investors and hedge funds.
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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