American Airlines Group (AAL) Cut to Hold at Deutsche Bank

American Airlines Group (NASDAQ:AAL) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages also recently weighed in on AAL. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, March 13th. Stephens restated a “hold” rating and set a $62.00 target price on shares of American Airlines Group in a research note on Thursday, March 29th. BidaskClub downgraded American Airlines Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Morgan Stanley downgraded American Airlines Group to an “overweight” rating in a research note on Friday, April 13th. Finally, ValuEngine downgraded American Airlines Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $61.03.

Shares of NASDAQ:AAL opened at $38.36 on Tuesday. American Airlines Group has a twelve month low of $37.06 and a twelve month high of $59.08. The company has a market cap of $17.77 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of -21.56.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. American Airlines Group had a return on equity of 92.63% and a net margin of 4.35%. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.41 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts forecast that American Airlines Group will post 5.16 earnings per share for the current fiscal year.

In other American Airlines Group news, President Robert D. Isom, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $46.72, for a total value of $233,600.00. Following the completion of the sale, the president now owns 675,276 shares in the company, valued at approximately $31,548,894.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Robert D. Isom, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the sale, the president now owns 646,205 shares of the company’s stock, valued at approximately $29,079,225. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of American Airlines Group in the 1st quarter worth approximately $1,192,000. 180 Wealth Advisors LLC acquired a new position in shares of American Airlines Group in the 1st quarter worth approximately $371,000. Howard Capital Management Inc. raised its holdings in shares of American Airlines Group by 32.7% in the 1st quarter. Howard Capital Management Inc. now owns 5,519 shares of the airline’s stock worth $282,000 after buying an additional 1,359 shares in the last quarter. Amalgamated Bank raised its holdings in shares of American Airlines Group by 4.1% in the 1st quarter. Amalgamated Bank now owns 57,839 shares of the airline’s stock worth $3,005,000 after buying an additional 2,268 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of American Airlines Group by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock worth $32,960,000 after buying an additional 1,648 shares in the last quarter. 80.67% of the stock is owned by institutional investors and hedge funds.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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