Rating of The Day: Barclays Capital Reiterates a “Equal weight” Rating on Anglo American PLC (LON:AAL) and GBX 975.00 Target

November 24, 2016 - By olga

Anglo American PLC (LON:AAL) Rating

In an analyst note sent to investors and clients on 24 November, Anglo American PLC (LON:AAL) stock “Equal weight” was reiterated at Barclays Capital. They currently have a GBX 975.00 price target on the stock. Barclays Capital’s price target gives a potential downside of -21.56% from the company’s current stock price.

Anglo American plc (LON:AAL) Ratings Coverage

Out of 27 analysts covering Anglo American PLC (LON:AAL), 8 rate it a “Buy”, 9 “Sell”, while 10 “Hold”. This means 30% are positive. GBX 2050 is the highest target while GBX 152 is the lowest. The GBX 848.35 average target is -31.56% below today’s (GBX 1239.5) stock price. Anglo American PLC has been the topic of 334 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by BNP Paribas with “Neutral” on Wednesday, December 16. The firm has “Neutral” rating given on Thursday, September 24 by Macquarie Research. The rating was maintained by Citigroup on Friday, September 11 with “Neutral”. The firm has “Underweight” rating given on Tuesday, January 12 by Barclays Capital. Canaccord Genuity maintained Anglo American plc (LON:AAL) on Wednesday, October 28 with “Hold” rating. The firm has “Outperform” rating given on Monday, October 12 by Bernstein. The firm has “Hold” rating by Beaufort Securities given on Wednesday, February 17. The company was maintained on Wednesday, December 9 by Canaccord Genuity. On Tuesday, December 15 the stock rating was maintained by JP Morgan with “Underweight”. On Monday, January 18 the stock rating was maintained by JP Morgan with “Underweight”.

About 1.77M shares traded hands. Anglo American plc (LON:AAL) has risen 85.48% since April 26, 2016 and is uptrending. It has outperformed by 80.07% the S&P500.

Analysts await American Airlines Group Inc (NASDAQ:AAL) to report earnings on February, 3. They expect $0.66 EPS, down 67.00% or $1.34 from last year’s $2 per share. AAL’s profit will be $341.96 million for 17.55 P/E if the $0.66 EPS becomes a reality. After $2.80 actual EPS reported by American Airlines Group Inc for the previous quarter, Wall Street now forecasts -76.43% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.46 in 2016 Q2. Its down 0.14, from 0.6 in 2016Q1. The ratio is negative, as 111 funds sold all Anglo American plc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.

Hudock Group Limited Com holds 0.05% of its portfolio in Anglo American plc (LON:AAL) for 3,200 shares. Paloma Mgmt Company has invested 0.02% of its portfolio in Anglo American plc (LON:AAL). Shellback L P reported 102,283 shares or 0.37% of all its holdings. Ontario Teachers Pension Plan Board has 17,968 shares for 0.01% of their US portfolio. Reilly Ltd has 7,871 shares for 0.04% of their US portfolio. The Illinois-based Jump Trading Limited Liability Company has invested 0.12% in Anglo American plc (LON:AAL). Vident Invest Advisory Ltd Liability Company owns 51,156 shares or 0.2% of their US portfolio. Invesco Ltd has 5.77 million shares for 0.06% of their US portfolio. The New York-based Blackrock Inc has invested 0.04% in Anglo American plc (LON:AAL). Atwood & Palmer holds 0% of its portfolio in Anglo American plc (LON:AAL) for 422 shares. Public Employees Retirement Association Of Colorado has 0.01% invested in the company for 49,308 shares. Ubs Oconnor Limited has invested 0% of its portfolio in Anglo American plc (LON:AAL). Fifth Third Natl Bank accumulated 0.03% or 138,402 shares. Deutsche National Bank Ag has 0.03% invested in the company for 1.41M shares. Raymond James Fincl has 0.01% invested in the company for 27,433 shares.

Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 9 selling transactions for $15.05 million net activity. The insider Nocella Andrew P sold $6.97 million. GOULET – BEVERLY K. sold $1.36M worth of Anglo American plc (LON:AAL) on Tuesday, July 12. Leibman Maya sold $363,432 worth of stock. The insider SCHIFTER RICHARD P bought 3,000 shares worth $96,390. The insider EBERWEIN ELISE R sold 89,556 shares worth $4.02M.

Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The company has a market cap of 17.78 billion GBP. The Company’s divisions include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It currently has negative earnings. It produces platinum group metals , which provides approximately 40% of mined platinum and its activities are located in the Bushveld Complex in South Africa.

According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”

AAL Company Profile

American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA) that operate under capacity purchase agreements as American Eagle.

Another recent and important Anglo American plc (LON:AAL) news was published by Wsj.com which published an article titled: “Anglo American Halts Operations at Los Bronces Mine in Chile” on November 17, 2016.

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