American Airlines Group (AAL) Downgraded by BidaskClub

American Airlines Group (NASDAQ:AAL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, BidAskClub reports.

AAL has been the topic of several other research reports. Deutsche Bank lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and raised their price target for the company from $28.81 to $35.63 in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. Cowen dropped their price target on shares of American Airlines Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 9th. Finally, Imperial Capital restated an “outperform” rating and issued a $46.00 price target (up previously from $42.00) on shares of American Airlines Group in a research note on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. American Airlines Group presently has an average rating of “Hold” and a consensus price target of $44.94.

AAL traded down $0.18 on Wednesday, hitting $32.16. 4,127,984 shares of the company’s stock were exchanged, compared to its average volume of 7,309,079. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. American Airlines Group has a twelve month low of $28.81 and a twelve month high of $45.82.



American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, April 26th. The airline reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. American Airlines Group had a net margin of 3.15% and a negative return on equity of 356.47%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. American Airlines Group’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that American Airlines Group will post 5.1 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of American Airlines Group by 1.9% in the fourth quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock valued at $756,426,000 after acquiring an additional 444,541 shares in the last quarter. Harris Associates L P boosted its holdings in shares of American Airlines Group by 14.0% in the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after acquiring an additional 2,328,627 shares in the last quarter. FMR LLC boosted its holdings in shares of American Airlines Group by 37.5% in the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock valued at $456,824,000 after acquiring an additional 3,883,285 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Airlines Group by 4.1% in the first quarter. Geode Capital Management LLC now owns 5,758,200 shares of the airline’s stock valued at $182,642,000 after acquiring an additional 227,207 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of American Airlines Group by 2,405.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,249,791 shares of the airline’s stock valued at $132,000 after acquiring an additional 4,080,170 shares in the last quarter. Institutional investors and hedge funds own 82.07% 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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

Further Reading: Trading Strategy Examples and Plans

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.