American Airlines Group Inc (AAL) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 49 from a previous price target of $43 . Imperial Capital advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on American Airlines Group Inc. American Airlines Group Inc was Initiated by Citigroup to “Buy” on Nov 18, 2016. Company shares were Reiterated by Imperial Capital on Oct 21, 2016 to “In-line”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .Shares were Reiterated by Stifel on Oct 12, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $50 .
On the company’s financial health, American Airlines Group Inc reported $2.80 EPS for the quarter, beating the analyst consensus estimate by $ 1.10 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.70. The company had revenue of $10594.00 million for the quarter, compared to analysts expectations of $10560.01 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.77 EPS.
American Airlines Group Inc opened for trading at $46.15 and hit $46.49 on the upside on Monday, eventually ending the session at $46.26, with a gain of 0.94% or 0.43 points. The heightened volatility saw the trading volume jump to 77,95,053 shares. Company has a market cap of $23,968 M.
In a different news, on Nov 2, 2016, Andrew P Nocella (SVP Chief Marketing Officer) sold 171,383 shares at $40.65 per share price. According to the SEC, on Nov 2, 2016, Beverly K. Goulet, (EVP Chief Integration Officer) sold 5,000 shares at $40.51 per share price. On Sep 15, 2016, Maya Leibman (EVP Chief Information Officer) sold 10,000 shares at $36.34 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.