American Airlines Group Inc (AAL) was Initiated by Bernstein to “Underperform” and the brokerage firm has set the Price Target at $31. Bernstein advised their investors in a research report released on Oct 11, 2016.
Many Wall Street Analysts have commented on American Airlines Group Inc. American Airlines Group Inc was Downgraded by Raymond James to ” Mkt Perform” on Sep 21, 2016. Imperial Capital Initiated American Airlines Group Inc on Aug 26, 2016 to “In-line”, Price Target of the shares are set at $40.Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .
On the company’s financial health, American Airlines Group Inc reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.68. The company had revenue of $10363.00 million for the quarter, compared to analysts expectations of $10330.26 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.62 EPS.
American Airlines Group Inc closed down -0.44 points or -1.15% at $37.73 with 51,33,308 shares getting traded on Friday. Post opening the session at $38.25, the shares hit an intraday low of $37.4 and an intraday high of $38.481 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 15, 2016, Maya Leibman (EVP Chief Information Officer) sold 10,000 shares at $36.34 per share price. According to the SEC, on Sep 8, 2016, Beverly K. Goulet, (EVP Chief Integration Officer) sold 20,000 shares at $37.50 per share price. On Jun 13, 2016, Richard P Schifter (director) purchased 3,000 shares at $32.13 per share price, according to the Form-4 filing with the securities and exchange commission.
American Airlines Group Inc. (AAG) 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 include US Airways Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines Inc. (Piedmont) and PSA Airlines Inc. (PSA). AAG’s primary business activity includes the operation of two network carriers through its principal wholly-owned mainline operating subsidiaries: American and US Airways. The Company’s airlines operate an average of approximately 6700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte Chicago Dallas/Fort Worth (DFW) Los Angeles Miami New York Philadelphia Phoenix and Washington District of Columbia.