American Airlines Group (AAL) Upgraded by BidaskClub to Hold

American Airlines Group (NASDAQ:AAL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

AAL has been the topic of several other reports. Imperial Capital decreased their target price on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, July 12th. They noted that the move was a valuation call. Bank of America decreased their target price on shares of American Airlines Group from $61.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th. ValuEngine upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 19th. Citigroup decreased their target price on shares of American Airlines Group from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th. Finally, Morgan Stanley set a $39.00 target price on shares of American Airlines Group and gave the company a “hold” rating in a research report on Friday, October 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. American Airlines Group currently has an average rating of “Buy” and an average price target of $51.21.

Shares of NASDAQ AAL opened at $32.60 on Tuesday. The stock has a market cap of $14.95 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 0.87 and a beta of 0.98. American Airlines Group has a 12-month low of $30.24 and a 12-month high of $59.08.



American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, beating the 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 net margin of 3.06% and a return on equity of 568.86%. As a group, sell-side analysts anticipate that American Airlines Group will post 4.75 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of AAL. Lansdowne Partners UK LLP raised its position in American Airlines Group by 252.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock worth $227,147,000 after purchasing an additional 4,287,800 shares during the period. Millennium Management LLC raised its position in American Airlines Group by 999.2% in the 2nd quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock worth $68,753,000 after purchasing an additional 1,646,418 shares during the period. RWC Asset Management LLP raised its position in American Airlines Group by 40.1% in the 3rd quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock worth $96,766,000 after purchasing an additional 669,842 shares during the period. Russell Investments Group Ltd. raised its position in American Airlines Group by 186.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 839,807 shares of the airline’s stock worth $34,725,000 after purchasing an additional 546,367 shares during the period. Finally, Gendell Jeffrey L raised its position in American Airlines Group by 46.8% in the 2nd quarter. Gendell Jeffrey L now owns 1,551,339 shares of the airline’s stock worth $58,889,000 after purchasing an additional 494,868 shares during the period. 82.36% of the stock is currently owned by institutional investors.

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.

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