American Airlines Group Inc. (NASDAQ:AAL) appointed Susan D. Kronick, 64, and Martin H. Nesbitt, 52, to its Board of Directors, effective immediately. With today’s announcement, American has 13 members on its board of directors..
Chairman and CEO Doug Parker said, “We are very pleased to welcome Sue and Marty to American Airlines. These seasoned executives bring unique perspectives shaped by their extensive leadership experiences and strong community ties in two of our hubs, Miami and Chicago. We look forward to their contributions.”
Ms. Kronick currently serves as an Operating Partner at Marvin Traub Associates, a New York based retail business development firm. Previously, she spent 37 years with Macy’s, Inc. (formerly known as Federated Department Stores). She has held numerous leadership roles at the company, including Vice Chairman ofMacy’s, Inc., Group President of Federated Department Stores, Chairman and CEO of Burdines, and President and COO of Rich’s/Lazarus/Goldsmiths.
Ms. Kronick has been a member of the Board of Directors at Hyatt Hotels Corporation since 2009 and previously served as a Director at Pepsi Bottling Group, Inc. for ten years. In addition, she currently serves on the Boards of two prominent Miami-based nonprofit organizations, as a Trustee of the Knight Foundation and as Chairman of the Board of Miami City Ballet.
Mr. Nesbitt currently serves as Co-CEO of The Vistria Group, LLC, a Chicago-based investment company focused on the education, healthcare and financial services industries. Prior to co-founding Vistria, Mr. Nesbitt conceptualized, co-founded and served as CEO of The Parking Spot, an owner and operator of off-airport parking facilities. Prior to launching the Parking Spot, Mr. Nesbitt was an officer of the Pritzker Realty Group, L.P. and an Investment Manager at LaSalle Partners.
Mr. Nesbitt currently serves on the Board of Directors of Jones Lang LaSalle Incorporated and Norfolk Southern Corporation. He is a Trustee of Chicago’s Museum of Contemporary Art and serves as Chairman of the Barack Obama Foundation. He is former Chairman of the Board of the Chicago Housing Authority and a former board member of the Chicago 2016 Olympic Committee. (Original Source)
Shares of American Airlines Group opened today at $44.39. AAL has a 1-year high of $56.20 and a 1-year low of $34.10. The stock’s 50-day moving average is $43.02 and its 200-day moving average is $42.57.
On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on October 13, Evercore ISI analyst Duane Pfennigwerth downgraded AAL to Hold, with a price target of $50, which implies an upside of 12.6% from current levels. Separately, on October 12, Deutsche Bank’s Michael Linenberg reiterated a Buy rating on the stock and has a price target of $52.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Duane Pfennigwerth and Michael Linenberg have a total average return of 0.5% and 27.2% respectively. Pfennigwerth has a success rate of 54.5% and is ranked #2449 out of 3840 analysts, while Linenberg has a success rate of 73% and is ranked #23.
The street is mostly Bullish on AAL stock. Out of 5 analysts who cover the stock, 3 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $50.67, which implies an upside of 14.1% from current levels.
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.