American Airlines Group Inc. (NASDAQ:AAL) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They presently have a $40.62 price objective on the airline’s stock. Vetr‘s price objective indicates a potential upside of 5.10% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Bank of America Corp. downgraded American Airlines Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 16th. Credit Suisse Group AG downgraded American Airlines Group from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $47.00 to $28.00 in a research note on Wednesday, July 6th. Zacks Investment Research downgraded American Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 12th. Cowen and Company reissued an “outperform” rating and issued a $43.00 price target on shares of American Airlines Group in a research note on Wednesday, August 31st. Finally, Buckingham Research reissued a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of American Airlines Group in a research note on Tuesday, July 26th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.07.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

American Airlines Group (NASDAQ:AAL) opened at 38.65 on Thursday. American Airlines Group has a 52-week low of $24.85 and a 52-week high of $47.09. The company’s 50 day moving average price is $36.94 and its 200 day moving average price is $34.96. The firm has a market cap of $20.48 billion, a PE ratio of 3.65 and a beta of 0.97.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 22nd. The airline reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.09. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the business posted $2.62 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts predict that American Airlines Group will post $5.44 earnings per share for the current fiscal year.

In other news, EVP Beverly K. Goulet sold 20,000 shares of American Airlines Group stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $37.50, for a total value of $750,000.00. Following the completion of the sale, the executive vice president now directly owns 268,604 shares in the company, valued at $10,072,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total transaction of $363,400.00. Following the completion of the sale, the executive vice president now owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC acquired a new stake in American Airlines Group during the second quarter worth $108,000. Westbourne Investment Advisors Inc. purchased a new position in shares of American Airlines Group during the second quarter valued at approximately $115,000. Checchi Capital Advisers LLC increased its position in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares in the last quarter. Evercore Wealth Management LLC increased its position in shares of American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock valued at $130,000 after buying an additional 1,727 shares in the last quarter. Finally, Zions Bancorporation increased its position in shares of American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock valued at $165,000 after buying an additional 3,932 shares in the last quarter. Institutional investors own 74.62% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

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