American Airlines Group (AAL) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a sell rating in a report published on Wednesday.

Other research analysts have also recently issued research reports about the company. Stephens restated a hold rating and issued a $62.00 price target on shares of American Airlines Group in a research report on Thursday, March 29th. Morgan Stanley reiterated an equal weight rating and issued a $59.00 target price (down previously from $60.00) on shares of American Airlines Group in a research report on Friday, February 23rd. Zacks Investment Research upgraded American Airlines Group from a hold rating to a buy rating and set a $56.00 target price on the stock in a research report on Tuesday, February 13th. Sanford C. Bernstein upgraded American Airlines Group from a market perform rating to an outperform rating and lifted their target price for the company from $52.59 to $62.00 in a research report on Wednesday, January 31st. Finally, Imperial Capital reiterated an in-line rating and issued a $53.00 target price (up previously from $47.00) on shares of American Airlines Group in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $61.80.

Shares of NASDAQ AAL opened at $45.40 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73. American Airlines Group has a 52 week low of $42.01 and a 52 week high of $59.08. The firm has a market capitalization of $22,455.16, a P/E ratio of 9.30, a P/E/G ratio of 0.42 and a beta of 0.96.



American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter last year, the business earned $0.92 earnings per share. American Airlines Group’s revenue was up 8.3% on a year-over-year basis. equities analysts anticipate that American Airlines Group will post 5.97 EPS for the current year.

In other news, Director Matthew J. Hart sold 35,182 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the sale, the director now directly owns 33,258 shares in the company, valued at $1,726,090.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard C. Kraemer sold 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.71, for a total value of $158,130.00. Following the sale, the director now owns 53,229 shares in the company, valued at $2,805,700.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,844 shares of company stock worth $4,077,040. Company insiders own 0.64% of the company’s stock.

Several institutional investors have recently bought and sold shares of AAL. Gotham Asset Management LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $27,667,000. Renaissance Technologies LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $22,042,000. RWC Asset Management LLP lifted its stake in shares of American Airlines Group by 36.8% in the fourth quarter. RWC Asset Management LLP now owns 1,445,910 shares of the airline’s stock worth $75,231,000 after acquiring an additional 388,765 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of American Airlines Group by 83.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 668,078 shares of the airline’s stock worth $34,760,000 after acquiring an additional 302,976 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth approximately $15,718,000. 80.56% of the stock is currently owned by institutional investors.

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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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