Traders purchased shares of American Airlines Group Inc (NASDAQ:AAL) on weakness during trading on Friday. $114.17 million flowed into the stock on the tick-up and $29.46 million flowed out of the stock on the tick-down, for a money net flow of $84.71 million into the stock. Of all equities tracked, American Airlines Group had the 30th highest net in-flow for the day. American Airlines Group traded down ($0.70) for the day and closed at $31.43
Several equities research analysts have recently weighed in on AAL shares. Imperial Capital reissued an “outperform” rating and issued a $43.00 price objective (down from $46.00) on shares of American Airlines Group in a research report on Friday. BidaskClub cut American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Citigroup reduced their price objective on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, March 8th. Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $28.81 to $35.63 in a research report on Friday, March 1st. Finally, ValuEngine cut American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $46.39.
The company has a market cap of $14.30 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 0.32 and a beta of 1.55.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.94 billion. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, equities analysts anticipate that American Airlines Group Inc will post 6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. American Airlines Group’s payout ratio is 8.79%.
Institutional investors have recently added to or reduced their stakes in the business. Signet Investment Advisory Group Inc. acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $32,000. Capital Investment Advisory Services LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $32,000. JNBA Financial Advisors acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $32,000. IMS Capital Management acquired a new stake in shares of American Airlines Group in the third quarter valued at $35,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 78.96% of the company’s stock.
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About American Airlines Group (NASDAQ:AAL)
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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