American Airlines Group Inc(NASDAQ:AAL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $10.36B. Analysts estimated a revenue of $10.27B. Earnings per share were $1.77. Analysts had estimated an EPS of $1.56.
In a different note, On Jul 12, 2016, Deutsche Bank said it Upgrades its rating on American Airlines Group Inc. The shares have been rated ‘Buy’ by the firm. On Jul 6, 2016, Credit Suisse said it Downgrades its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jun 16, 2016, Bank of America said it Downgrades its rating on American Airlines Group Inc. The shares have been rated ‘Underperform’ by the firm. On Apr 28, 2016, Morgan Stanley said it Upgrades its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Overweight’ by the firm.
American Airlines Group Inc (AAL) made into the market gainers list on Thursdays trading session with the shares advancing 0.39% or 0.14 points. Due to strong positive momentum, the stock ended at $36.34, which is also near the day’s high of $36.53. The stock began the session at $36.07 and the volume stood at 65,18,860 shares. The 52-week high of the shares is $47.09 and the 52 week low is $24.85. The company has a current market capitalization of $19,257 M and it has 52,99,13,370 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Beverly K. Goulet, (EVP Chief Integration Officer) sold 40,000 shares at $33.88 per share price.Also, On Jun 13, 2016, Richard P Schifter (director) purchased 3,000 shares at $32.13 per share price.On May 16, 2016, Jeffrey D Benjamin (director) purchased 35,000 shares at $31.79 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.