American Airlines Group (AAL) Rating Lowered to Buy at BidaskClub

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American Airlines Group (NASDAQ:AAL) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

AAL has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. raised shares of American Airlines Group to a “buy” rating in a research report on Monday, April 30th. Imperial Capital cut their target price on shares of American Airlines Group from $53.00 to $49.00 and set a “line” rating for the company in a research report on Friday, April 27th. ValuEngine downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Finally, Morgan Stanley cut their target price on shares of American Airlines Group from $61.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, April 12th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. American Airlines Group currently has an average rating of “Buy” and an average target price of $60.72.

Shares of AAL opened at $41.51 on Monday. The company has a market cap of $20.02 billion, a P/E ratio of 8.51, a PEG ratio of 0.69 and a beta of 0.98. 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 has a twelve month low of $40.65 and a twelve month high of $59.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.41 billion. American Airlines Group had a net margin of 4.35% and a return on equity of 92.63%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. sell-side analysts anticipate that American Airlines Group will post 5.28 EPS for the current fiscal year.

In other news, President Robert D. Isom, Jr. sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $46.72, for a total transaction of $233,600.00. Following the completion of the sale, the president now owns 675,276 shares of the company’s stock, valued at approximately $31,548,894.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Robert D. Isom, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the sale, the president now directly owns 646,205 shares of the company’s stock, valued at approximately $29,079,225. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAL. O Shaughnessy Asset Management LLC lifted its stake in shares of American Airlines Group by 353.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,100,366 shares of the airline’s stock valued at $57,176,000 after buying an additional 857,759 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in American Airlines Group in the 4th quarter worth $27,667,000. Renaissance Technologies LLC purchased a new stake in American Airlines Group in the 4th quarter worth $22,042,000. Amundi Pioneer Asset Management Inc. lifted its stake in American Airlines Group by 83.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 668,078 shares of the airline’s stock worth $34,760,000 after purchasing an additional 302,976 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in American Airlines Group in the 4th quarter worth $15,718,000. Institutional investors own 80.66% of the company’s stock.

American Airlines Group Company Profile

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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