American Airlines Group (NASDAQ:AAL) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.
A number of other analysts also recently weighed in on the company. Imperial Capital boosted their target price on American Airlines Group from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. JPMorgan Chase & Co. set a $53.00 target price on American Airlines Group and gave the stock a “buy” rating in a research report on Monday, October 15th. Citigroup boosted their target price on American Airlines Group from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, November 29th. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, Cowen decreased their price target on American Airlines Group from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.24.
NASDAQ:AAL traded down $0.24 during mid-day trading on Friday, reaching $31.80. The stock had a trading volume of 6,540,462 shares, compared to its average volume of 9,918,103. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.79 and a beta of 1.32. American Airlines Group has a one year low of $28.81 and a one year high of $59.08.
American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. On average, research analysts anticipate that American Airlines Group will post 4.57 EPS for the current fiscal year.
In other American Airlines Group news, Director John T. Cahill bought 25,000 shares of American Airlines Group stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of $33.47 per share, with a total value of $836,750.00. Following the completion of the purchase, the director now owns 6,531 shares of the company’s stock, valued at $218,592.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Benjamin bought 15,000 shares of American Airlines Group stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of $35.69 per share, for a total transaction of $535,350.00. Following the completion of the purchase, the director now directly owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake in American Airlines Group by 116.3% in the third quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock worth $8,324,000 after purchasing an additional 108,300 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in American Airlines Group by 71.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,000 shares of the airline’s stock worth $785,000 after acquiring an additional 7,925 shares in the last quarter. Advent Capital Management DE bought a new stake in American Airlines Group in the third quarter worth $413,000. Verition Fund Management LLC bought a new stake in American Airlines Group in the second quarter worth $1,063,000. Finally, State of Alaska Department of Revenue boosted its holdings in American Airlines Group by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 62,536 shares of the airline’s stock worth $2,583,000 after acquiring an additional 2,175 shares in the last quarter. 81.14% of the stock is currently owned by hedge funds and other institutional investors.
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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