American Airlines (AAL)

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Deutsche Bank Upgrades American Airlines Group to Buy (AAL)
Posted by Jim Brewer on Sep 3rd, 2015

American Airlines Group (NASDAQ:AAL) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports. The firm currently has a $50.00 target price on the airline’s stock, up from their prior target price of $38.98. Deutsche Bank’s price objective points to a potential upside of 20.45% from the stock’s previous close.
Several other research firms have also commented on AAL. Imperial Capital reaffirmed an “outperform” rating and issued a $73.00 price objective on shares of American Airlines Group in a research report on Tuesday, July 28th. Zacks upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Bank of America reaffirmed a “neutral” rating and set a $48.00 price objective (down previously from $50.00) on shares of American Airlines Group in a research note on Wednesday, July 15th. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $55.90 price target on the stock in a research note on Tuesday, May 19th. Finally, Barclays restated a “buy” rating on shares of American Airlines Group in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $55.56.
American Airlines Group (NASDAQ:AAL) opened at 41.51 on Tuesday. The stock has a market cap of $27.89 billion and a P/E ratio of 7.17. American Airlines Group has a one year low of $28.10 and a one year high of $56.20. The firm’s 50-day moving average is $41.10 and its 200 day moving average is $45.22.


American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 24th. The airline reported $2.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.60 by $0.02. During the same period in the previous year, the company posted $1.98 earnings per share. The firm had revenue of $10.80 billion for the quarter, compared to analysts’ expectations of $10.89 billion. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that American Airlines Group will post $8.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.96%.
In related news, CEO W Douglas Parker sold 60,379 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $38.92, for a total transaction of $2,349,950.68. Following the completion of the sale, the chief executive officer now directly owns 1,661,386 shares of the company’s stock, valued at approximately $64,661,143.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
American Airlines Group Inc. (NASDAQ:AAL) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. (American), US Airways Group, Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary comprise US Airways, Inc. (US Airways) and its other wholly-owned subsidiary companies include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAG’s primary business activity comprises the operation of two network carriers through its main, wholly-owned mainline operating subsidiaries: US Airways and American. The Business ‘s airlines run an average of approximately 6,700 flights per day to around 339 destinations in around 54 states from its hubs in Charlotte, Chicago, Dallas/Fort Worth (DFW), Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia.


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