American Airlines Group (NASDAQ:AAL) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
Several other equities analysts have also recently issued reports on AAL. Imperial Capital dropped their price target on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 10th. They noted that the move was a valuation call. BidaskClub cut American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 11th. Zacks Investment Research cut American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $60.00 to $43.00 in a research report on Tuesday, July 3rd. Finally, Raymond James dropped their target price on American Airlines Group from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. American Airlines Group has a consensus rating of “Buy” and a consensus target price of $50.71.
Shares of AAL stock opened at $36.37 on Wednesday. The stock has a market capitalization of $15.96 billion, a P/E ratio of 7.45, a P/E/G ratio of 1.01 and a beta of 0.98. American Airlines Group has a 52-week low of $30.24 and a 52-week high of $59.08.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The firm had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. Equities analysts expect that American Airlines Group will post 4.53 earnings per share for the current fiscal year.
In other news, Director John T. Cahill purchased 25,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $33.47 per share, with a total value of $836,750.00. Following the purchase, the director now directly owns 6,531 shares of the company’s stock, valued at $218,592.57. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
Large investors have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of American Airlines Group during the 3rd quarter worth approximately $115,000. Exane Derivatives boosted its stake in shares of American Airlines Group by 176,700.0% during the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock worth $136,000 after acquiring an additional 3,534 shares in the last quarter. Trilogy Capital Inc. boosted its stake in shares of American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after acquiring an additional 4,055 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $185,000. Finally, Princeton Capital Management LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $190,000. 82.36% of the stock is currently 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.
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