American Airlines Group (NASDAQ:AAL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Shares of American Airlines have outperformed its industry over the last six months. Ushering in further good new, the company reported better-than-expected earnings per share and revenues in the fourth quarter of 2017. Additionally, both metrics improved on a year-over-year basis. Strong demand for air travel coupled with improving yields also aided results. The company's performance with respect to unit revenues was also encouraging in the quarter. Efforts to modernize its fleet too raise optimism in the stock. The company efforts to reward shareholders through dividends and share buybacks are also impressive. During 2017, the company returned $1.7 billion to shareholders through dividends and buybacks. The company's employee-friendly attiude also encourages us. However, high costs and debt levels are causes for worry. Capacity overexpansion is also a problem at American Airlines.”
Other research analysts also recently issued reports about the company. BidaskClub downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, November 10th. Citigroup lifted their target price on American Airlines Group to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Bank of America raised American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Tuesday, January 9th. Stephens reaffirmed a “hold” rating and set a $62.00 target price on shares of American Airlines Group in a report on Wednesday, January 10th. Finally, Buckingham Research lifted their target price on American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. American Airlines Group presently has an average rating of “Buy” and an average price target of $61.38.
American Airlines Group (NASDAQ:AAL) traded down $0.09 during midday trading on Tuesday, hitting $51.58. The company had a trading volume of 3,891,200 shares, compared to its average volume of 5,423,305. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.52 and a current ratio of 0.61. American Airlines Group has a 12 month low of $39.21 and a 12 month high of $59.08. The firm has a market cap of $24,880.00, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.03. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter last year, the business posted $0.92 EPS. American Airlines Group’s revenue for the quarter was up 8.3% on a year-over-year basis. equities research analysts anticipate that American Airlines Group will post 5.8 EPS for the current year.
In related news, Director Richard C. Kraemer sold 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.71, for a total value of $158,130.00. Following the completion of the sale, the director now directly owns 53,229 shares of the company’s stock, valued at approximately $2,805,700.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Derek J. Kerr sold 39,662 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.77, for a total value of $2,092,963.74. Following the completion of the sale, the vice president now directly owns 429,046 shares of the company’s stock, valued at $22,640,757.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 302,416 shares of company stock valued at $15,826,647. Corporate insiders own 0.69% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. LSV Asset Management boosted its stake in American Airlines Group by 1.1% during the 4th quarter. LSV Asset Management now owns 3,758,992 shares of the airline’s stock valued at $195,580,000 after purchasing an additional 42,460 shares during the last quarter. Boston Partners boosted its stake in American Airlines Group by 3.8% during the 4th quarter. Boston Partners now owns 2,484,614 shares of the airline’s stock valued at $129,274,000 after purchasing an additional 91,833 shares during the last quarter. Hosking Partners LLP boosted its stake in American Airlines Group by 0.4% during the 3rd quarter. Hosking Partners LLP now owns 2,344,886 shares of the airline’s stock valued at $111,359,000 after purchasing an additional 9,522 shares during the last quarter. Gendell Jeffrey L boosted its stake in American Airlines Group by 18.7% during the 4th quarter. Gendell Jeffrey L now owns 1,772,696 shares of the airline’s stock valued at $92,233,000 after purchasing an additional 278,943 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in American Airlines Group by 2.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock valued at $82,783,000 after purchasing an additional 42,130 shares during the last quarter. 81.69% of the stock is owned by institutional investors and hedge funds.
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American Airlines Group Company Profile
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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