Raymond James Boosts Rating On American Airlines Group, Inc. (AAL) To “Outperform”


American Airlines Group, Inc. (NASDAQ:AAL).

September 18 investment analysts at Morgan Stanley left the company rating at “Equal-Weight” and moved down the price target from $52.00 to $47.00. On September 15 the stock rating was downgraded to “Neutral” from “Overweight” and a price target of $53.00 was set in an announcement from JP Morgan.

On September 13 Citigroup maintained a company rating of “Buy” but lowered the price expectation to $62.00 from $67.00. August 17 investment analysts at Morgan Stanley kept the stock rating at “Equal-Weight” but moved down the price target from $54.00 to $52.00.

On August 1 the company was upgraded from “Overweight” to “Overweight” in a statement from JP Morgan.

The company is so far trading up since yesterday’s close of 44.38. Additionally the company declared a dividend for shareholders that was paid on Monday the 28th of August 2017. The dividend was $0.100 per share for the quarter which comes to $0.40 on an annualized basis. The dividend yield was $0.87. The ex-dividend date was Thursday the 10th of August 2017.

Shares last traded at $45.25 a bit lower than $46.60, the stock’s 50 day moving average and a tad under the 200 day moving average of $46.73. The 50 day moving average moved down $-1.35 and the 200 day average was down $-1.48.

American Airlines Group Inc., launched on February 16, 1982, is a holding company. The Business’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, its airline operated an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia, as of December 31, 2016. In the fiscal year ended December 31, 2016, approximately 199 million passengers boarded its mainline and regional flights..

The company currently has a P/E ratio of 11.23 and the market cap of the company is 22.04B. In the last earnings report the EPS was $4.03 and is projected to be $4.81 for the current year with 487,009,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.82 and the next full year EPS is projected to be $5.38.

Traders are more bullish of late considering the decrease in short interest. The company had a fall in short interest of -0.25% as of the latest report on August 31, 2017. Short interest fell 87,874 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.07% as of August 31.