Analysts on the Street that are covering the firm now have a consensus short-term stock price target of $58.25. Analysts are predicting that Southwest Airlines Company (NYSE:LUV) will report $0.92 earnings per share when they next issue their quarterly earnings release on or around 2015-10-22. The heightened volatility saw the trading volume jump to 10,375,747 shares. The stock has a 50-day moving average of $34.9 and a 200-day moving average of $40.12. The 52-week high of the share price is $56.2 and the company has a market cap of $28,687 million. (NASDAQ:AAL) is $56.2 and the 52-week low is $28.1. During the same period in the previous year, the business posted $1.98 EPS. The shares closed down 0.69 points or 1.64% at $41.49 with 5,588,631 shares getting traded. Cyrus Capital Partners L.P. is another bullish active investment manager who is owning 3.35M shares of American Airlines Group or 15.82% of their equity exposure.
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American Air (NASDAQ:AAL) said July total revenue passenger miles, a measure of traffic, rose 4.8% while capacity rose 2.2%. We are impressed by the company’s efforts to reward shareholders consistently through stock repurchases and dividend payments.The carrier is under investigation by the DOJ on the possibility of unlawful co-ordination to limit the availability of seats with the objective of keeping airfares high. W Douglas Parker, Chairman and CEO of American Airlines Group Inc. sold 58,053 shares on August 3, 2015. The total value of the transaction was worth $2,346,502. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
AAL has been the subject of several other research reports. Barclays restated a “buy” rating on shares of American Airlines Group in a research report on Tuesday, July 28th.
Despite the growth potential and healthy revenues, Southwest Airlines stock has fallen 9.03% so far this year, mainly because of the volatility in crude oil price, which adversely impacted the entire U.S. airline industry. Finally, Morgan Stanley restated an “equal weight” rating and set a $48.00 target price (down from $51.00) on shares of American Airlines Group in a research report on Tuesday, August 4th. Finally, Zacks upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday.
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Premier passenger carrier American Airlines Group Inc. The Companys principal subsidiary is American Airlines, Inc. During the year ended December 31, 2011, the Company added addition services in two new states and three new cities: Charleston, South Carolina; Greenville-Spartanburg, South Carolina; and Newark, New Jersey.
