American Airlines Group Inc (NASDAQ:AAL) applauds today’s decision by the U.S. Supreme Court to extend full marriage rights to same-sex couples in the United States, regardless of the state in which they reside.
“This is a historic moment for our country and for many of American’s employees,” said American’s Chairman and CEO Doug Parker. “Today’s decision reaffirms the commitment of companies like American that recognize equality is good for business and society as a whole.”
Earlier this year, American joined a broad coalition of U.S. corporations to support marriage equality in an amicus brief filed in the U.S. Supreme Court. American also joined dozens of large companies to pledge that “Equality is Our Business,” signing a public statement led by the Human Rights Campaign (HRC) seeking to get businesses and organizations to stand up for diversity.
American has a long history of supporting the LGBT community in the course of doing business. Underscoring this strong commitment, American is recognized by the HRC’s Corporate Equality Index (CEI), a nationally recognized benchmark that distinguishes top workplaces for their inclusion of LGBT employees and their allies. American was the only airline to receive a perfect score when the CEI launched in 2002, and is one of only a handful of corporations to do so every year since.
American’s Pride Employee Business Resource Group, which was the airline’s first employee resource group, continues to champion LGBT travelers and advocate for diversity, equality and respect within the airline industry as it has for decades. American is also a proud member and supporter of the National Gay and Lesbian Chamber of Commerce, PFLAG, Lambda Legal and the Human Rights Campaign. (Original Source)
Shares of American Airlines opened today at $42.44 and are currently trading down at $42.37. AAL has a 1-year high of $56.20 and a 1-year low of $28.10. The stock’s 50-day moving average is $43.52 and its 200-day moving average is $48.52.
On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report released yesterday, UBS analyst Darryl Genovesi maintained a Hold rating on AAL, with a price target of $43, which represents a slight upside potential from current levels. Separately, on June 18, Barclays’ Isaac Husseini maintained a Buy rating on the stock and has a price target of $58.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darryl Genovesi and Isaac Husseini have a total average return of 12.8% and -7.5% respectively. Genovesi has a success rate of 50.0% and is ranked #1426 out of 3679 analysts, while Husseini has a success rate of 33.3% and is ranked #3011.
In total, 3 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $70.00 which is 64.9% above where the stock opened today.
American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.