In the current session, the stock is trading at $17.29, after a 0.23% increase. Over the past month, American Airlines Gr Inc. AAL stock increased by 18.51% , and in the past year, by 24.02% . With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. A Look at American Airlines Gr P/E Relative to Its Competitors The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. Compared to the aggregate P/E ratio of 12.83 in the Passenger Airlines industry, American Airlines Gr Inc. has a higher P/E ratio of 41.07 . Shareholders might be inclined to think that American Airlines Gr Inc. might perform better than its industry group. It's also possible that the stock is overvalued. In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Twist in Hathras case: 13-year-old boy held for killing fellow studentJudge says woman accusing Jay-Z, Sean 'Diddy' Combs of raping her at age 13 can proceed anonymously NEW YORK (AP) — An Alabama woman who says she was raped by Jay-Z and Sean “Diddy” Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls, a judge ruled Thursday. Larry Neumeister, The Associated Press Dec 26, 2024 3:41 PM Dec 26, 2024 3:50 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Rap moguls Sean "Diddy" Combs, left, and Jay-Z attend the NBA All-Star basketball game, Feb. 15, 2015, in New York. (AP Photo/Kathy Willens, File) NEW YORK (AP) — An Alabama woman who says she was raped by Jay-Z and Sean “Diddy” Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls, a judge ruled Thursday. In her written order, Judge Analisa Torres also chastised the lawyer representing Jay-Z for what she described as his combative motions and “inflammatory language” against the plaintiff's lawyer, calling them inappropriate. The Manhattan jurist said the woman can proceed anonymously at this early stage of the litigation, but she may be required to reveal her identity at a later date, if the case proceeds. That would allow defense lawyers to collect facts necessary to prepare for trial. Torres also cited “substantial interest” from the public. Combs remains jailed in New York awaiting a criminal trial on federal sex trafficking charges. He also faces a wave of sexual assault lawsuits , many of which were filed by the plaintiff's lawyer, Tony Buzbee, a Texas attorney who says his firm represents over 150 people, both men and women, who allege sexual abuse and exploitation by Combs. The lawsuits allege many individuals were abused at parties in New York, California and Florida after receiving drug-laced drinks. Combs’ lawyers have dismissed Buzbee’s lawsuits as “shameless publicity stunts, designed to extract payments from celebrities who fear having lies spread about them, just as lies have been spread about Mr. Combs.” Jay-Z has said in a statement that Buzbee is trying to blackmail him to settle the Alabama woman's allegations. Buzbee said in an email that his firm does not comment on court rulings. In her lawsuit, the woman who says she was raped at 13 identifies herself as “Jane Doe.” She said she was living in Rochester in 2000 when she made her way to New York City and befriended a limousine driver who drove her to an after-party for the MTV Music Awards, where she says she was eventually attacked by Jay-Z and Combs. Alex Spiro, a lawyer for Jay-Z, asked the judge to dismiss the entertainer from the woman's lawsuit and he requested a hearing on the case for the day after he made his requests in writing on Dec. 18. Citing an interview the plaintiff did on NBC-TV, Spiro wrote that the broadcast revealed “glaring inconsistencies and outright impossibilities” in the plaintiff's story. For one thing, the woman said she traveled for five hours from Rochester to watch the music awards show on a jumbotron outside the VMA even though permits and pictures show there was no jumbotron at the event. Spiro also noted that the woman's father has said he does not recall driving from Rochester to pick his daughter up in New York City, as she says he did. The woman has admitted inconsistencies in her story. Torres wrote in her order Thursday that Spiro, who has been on the case less than three weeks, has submitted a “litany of letters and motions attempting to impugn the character of Plaintiff's lawyer, many of them expounding on the purported ‘urgency’ of this case.” Referring to Jay-Z by his legal last name, the judge added: “Carter’s lawyer’s relentless filing of combative motions containing inflammatory language and ad hominem attacks is inappropriate, a waste of judicial resources, and a tactic unlikely to benefit his client. The Court will not fast-track the judicial process merely because counsel demands it.” A message seeking comment from Spiro was left for him on Thursday. Larry Neumeister, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Entertainment News Bad Bunny announces a new album, 'Debí Tirar Más Fotos' Dec 26, 2024 11:43 AM 'Baby Driver' actor Hudson Meek, 16, dies in a fall from a moving vehicle Dec 26, 2024 7:51 AM Hwang Dong-hyuk on killing off his 'Squid Game' characters and wanting to work with Jake Gyllenhaal Dec 26, 2024 6:58 AM Featured Flyer

2024 in pop culture: In a bruising year, we sought out fantasy, escapism — and cute little animalsWASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Joe Biden, who opposes the deal. The Committee on Foreign Investment in the United States, known as CFIUS, sent its long-awaited report on the merger to Biden, who formally came out against the deal in March. He has 15 days to reach a final decision, the White House said. A U.S. official familiar with the matter, speaking on condition of anonymity to discuss the private report, said some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. Monday was the deadline to approve the deal, recommend that Biden block it or extend the review process. Both Biden and President-elect Donald Trump have courted unionized workers at U.S. Steel and vowed to block the acquisition amid concerns about foreign ownership of a flagship American company. The economic risk, however, is giving up Nippon Steel's potential investments in the mills and upgrades that might help preserve steel production within the United States. Under the terms of the proposed $14.9 billion all-cash deal, U.S. Steel would keep its name and its headquarters in Pittsburgh, where it was founded in 1901 by J.P. Morgan and Andrew Carnegie. It would become a subsidiary of Nippon Steel, and the combined company would be among the top three steelmakers in the world, according to 2023 figures from the World Steel Association. Biden, backed by the United Steelworkers, said earlier this year that it was "vital for (U.S. Steel) to remain an American steel company that is domestically owned and operated.” Trump has also opposed the acquisition and vowed earlier this month on his Truth Social platform to “block this deal from happening.” He proposed reviving U.S. Steel's flagging fortunes “through a series of Tax Incentives and Tariffs.” The steelworkers union questions if Nippon Steel would keep jobs at unionized plants, make good on collectively bargained benefits or protect American steel production from cheap foreign imports. “Our union has been calling for strict government scrutiny of the sale since it was announced. Now it’s up to President Biden to determine the best path forward,” David McCall, the steelworkers' president, said in a statement Monday. “We continue to believe that means keeping U.S. Steel domestically owned and operated.” Nippon Steel and U.S. Steel have waged a public relations campaign to win over skeptics. U.S. Steel said in a statement Monday that the deal “is the best way, by far, to ensure that U.S. Steel, including its employees, communities, and customers, will thrive well into the future.” Nippon Steel said Tuesday that it had been informed by CFIUS that it had referred the case to Biden, and urged him to “reflect on the great lengths that we have gone to to address any national security concerns that have been raised and the significant commitments we have made to grow U. S. Steel, protect American jobs, and strengthen the entire American steel industry, which will enhance American national security.” “We are confident that our transaction should and will be approved if it is fairly evaluated on its merits,” it said in a statement. A growing number of conservatives have publicly backed the deal, as Nippon Steel began to win over some steelworkers union members and officials in areas near its blast furnaces in Pennsylvania and Indiana. Many backers said Nippon Steel has a stronger financial balance sheet than rival Cleveland-Cliffs to invest the necessary cash to upgrade aging U.S. Steel blast furnaces. Nippon Steel pledged to invest $2.7 billion in United Steelworkers-represented facilities, including U.S. Steel’s blast furnaces, and promised not to import steel slabs that would compete with the blast furnaces. It also pledged to protect U.S. Steel in trade matters and to not lay off employees or close plants during the term of the basic labor agreement. Earlier this month, it offered $5,000 in closing bonuses to U.S. Steel employees, a nearly $100 million expense. Nippon Steel also said it was best positioned to help American steel compete in an industry dominated by the Chinese. The proposed sale came during a tide of renewed political support for rebuilding America’s manufacturing sector, a presidential campaign in which Pennsylvania was a prime battleground, and a long stretch of protectionist U.S. tariffs that analysts say has helped reinvigorate domestic steel. Chaired by Treasury Secretary Janet Yellen, CFIUS screens business deals between U.S. firms and foreign investors and can block sales or force parties to change the terms of an agreement to protect national security. Congress significantly expanded the committee's powers through the 2018 Foreign Investment Risk Review Modernization Act, known as FIRRMA. In September, Biden issued an executive order broadening the factors the committee should consider when reviewing deals — such as how they impact the U.S. supply chain or if they put Americans’ personal data at risk. Nippon Steel has factories in the U.S., Mexico, China and Southeast Asia. It supplies the world’s top automakers, including Toyota Motor Corp. , and makes steel for railways, pipes, appliances and skyscrapers. Levy reported from Harrisburg, Pennsylvania. Associated Press writer Fatima Hussein contributed to this report.

'Mediate Marcos-Duterte feud'

10 events that made the headlines in SingaporeAlgert Global LLC cut its holdings in shares of International Seaways, Inc. ( NYSE:INSW – Free Report ) by 74.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,179 shares of the transportation company’s stock after selling 45,090 shares during the period. Algert Global LLC’s holdings in International Seaways were worth $783,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of INSW. EdgeRock Capital LLC bought a new stake in International Seaways during the 2nd quarter valued at $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of International Seaways during the 1st quarter worth $27,000. Blue Trust Inc. purchased a new stake in shares of International Seaways during the 3rd quarter worth $41,000. KBC Group NV boosted its position in International Seaways by 65.2% during the third quarter. KBC Group NV now owns 1,084 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 428 shares in the last quarter. Finally, Quarry LP grew its stake in International Seaways by 408.0% in the second quarter. Quarry LP now owns 1,453 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 1,167 shares during the last quarter. 67.29% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of analysts have recently weighed in on INSW shares. StockNews.com cut shares of International Seaways from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Stifel Nicolaus downgraded shares of International Seaways from a “buy” rating to a “hold” rating and lowered their target price for the company from $69.00 to $56.00 in a research note on Wednesday, October 23rd. Jefferies Financial Group reduced their price target on International Seaways from $66.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Fearnley Fonds raised International Seaways to a “strong-buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, International Seaways currently has an average rating of “Moderate Buy” and an average target price of $60.67. International Seaways Stock Performance Shares of International Seaways stock opened at $39.01 on Friday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 3.77 and a beta of -0.06. International Seaways, Inc. has a 52 week low of $38.67 and a 52 week high of $65.94. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $46.39 and a 200 day moving average price of $52.66. International Seaways ( NYSE:INSW – Get Free Report ) last posted its quarterly earnings results on Thursday, November 7th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.15. International Seaways had a net margin of 50.91% and a return on equity of 24.65%. The business had revenue of $225.20 million during the quarter, compared to analysts’ expectations of $208.75 million. During the same quarter last year, the company posted $1.99 earnings per share. The business’s quarterly revenue was down 6.8% on a year-over-year basis. Sell-side analysts expect that International Seaways, Inc. will post 7.92 EPS for the current year. International Seaways Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 13.53%. The ex-dividend date is Friday, December 13th. This is an increase from International Seaways’s previous quarterly dividend of $0.12. International Seaways’s payout ratio is presently 4.64%. Insider Activity In related news, CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $50.30, for a total value of $100,600.00. Following the transaction, the chief executive officer now owns 155,475 shares in the company, valued at approximately $7,820,392.50. This represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Alexandra Kate Blankenship sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.17, for a total transaction of $245,850.00. Following the transaction, the director now directly owns 16,109 shares of the company’s stock, valued at $792,079.53. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 15,200 shares of company stock valued at $719,282. Company insiders own 1.90% of the company’s stock. International Seaways Company Profile ( Free Report ) International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. Recommended Stories Receive News & Ratings for International Seaways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways and related companies with MarketBeat.com's FREE daily email newsletter .