American Airlines Group (AAL) Downgraded to “Overweight” at Morgan Stanley

Morgan Stanley lowered shares of American Airlines Group (NASDAQ:AAL) to an overweight rating in a research report released on Friday morning.

Several other equities analysts have also weighed in on AAL. ValuEngine lowered shares of American Airlines Group from a strong-buy rating to a buy rating in a research report on Thursday, April 12th. BidaskClub lowered shares of American Airlines Group from a hold rating to a sell rating in a research report on Wednesday, April 11th. Zacks Investment Research lowered shares of American Airlines Group from a buy rating to a hold rating in a research report on Tuesday, March 27th. Buckingham Research raised their price objective on shares of American Airlines Group from $71.00 to $75.00 and gave the company a buy rating in a research report on Friday, January 26th. Finally, Stephens restated a hold rating and set a $62.00 price objective on shares of American Airlines Group in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. American Airlines Group has a consensus rating of Buy and a consensus price target of $61.56.

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NASDAQ:AAL opened at $46.40 on Friday. American Airlines Group has a twelve month low of $42.01 and a twelve month high of $59.08. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52. The stock has a market cap of $21,702.87, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.48 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last posted 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 net margin of 4.55% and a return on equity of 63.78%. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. equities research analysts expect that American Airlines Group will post 5.81 earnings per share for the current year.

In other news, Director Matthew J. Hart sold 35,182 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $51.90, for a total value of $1,825,945.80. Following the completion of the sale, the director now directly owns 33,258 shares of the company’s stock, valued at $1,726,090.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Derek J. Kerr sold 39,662 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.77, for a total transaction 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 quarter, insiders sold 77,844 shares of company stock valued at $4,077,040. Corporate insiders own 0.69% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AAL. Johnson Financial Group Inc. purchased a new stake in shares of American Airlines Group in the fourth quarter worth approximately $127,000. NuWave Investment Management LLC purchased a new stake in shares of American Airlines Group in the fourth quarter worth approximately $145,000. Focused Wealth Management Inc purchased a new stake in shares of American Airlines Group in the fourth quarter worth approximately $151,000. Kings Point Capital Management purchased a new stake in shares of American Airlines Group in the fourth quarter worth approximately $190,000. Finally, Delpha Capital Management LLC purchased a new stake in shares of American Airlines Group in the fourth quarter worth approximately $191,000. 80.55% of the stock is owned by institutional investors and hedge funds.

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About American Airlines Group

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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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