Vetr downgraded shares of American Airlines Group Inc. (NASDAQ:AAL) from a buy rating to a hold rating in a research report report published on Monday. The brokerage currently has $42.62 price objective on the airline’s stock.

AAL has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $50.50 to $41.50 and set an overweight rating for the company in a research note on Wednesday, July 27th. Bank of America Corp. reissued an underperform rating and set a $29.00 price target (up from $27.00) on shares of American Airlines Group in a research report on Friday, July 15th. Imperial Capital initiated coverage on shares of American Airlines Group in a research report on Friday, August 26th. They set an in-line rating and a $40.00 price target for the company. Morgan Stanley set a $41.00 price target on shares of American Airlines Group and gave the stock a buy rating in a research report on Thursday, August 18th. Finally, TheStreet raised shares of American Airlines Group from a hold rating to a buy rating in a research report on Monday, October 31st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $42.60.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Shares of American Airlines Group (NASDAQ:AAL) opened at 42.41 on Monday. The firm’s 50-day moving average is $38.58 and its 200-day moving average is $34.95. The stock has a market capitalization of $21.97 billion, a PE ratio of 4.40 and a beta of 0.88. American Airlines Group has a one year low of $24.85 and a one year high of $46.49.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period last year, the business earned $2.77 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. On average, analysts expect that American Airlines Group will post $5.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Monday, November 7th will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $0.40 annualized dividend and a yield of 0.94%. American Airlines Group’s dividend payout ratio (DPR) is currently 4.30%.

In other American Airlines Group news, EVP Beverly K. Goulet sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $37.50, for a total transaction of $750,000.00. Following the sale, the executive vice president now directly owns 268,604 shares in the company, valued at $10,072,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Beverly K. Goulet sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $40.51, for a total transaction of $202,550.00. Following the sale, the executive vice president now owns 243,604 shares in the company, valued at $9,868,398.04. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Checchi Capital Advisers LLC raised its stake 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 worth $117,000 after buying an additional 37 shares during the period. Personal Capital Advisors Corp raised its stake in shares of American Airlines Group by 0.6% in the second quarter. Personal Capital Advisors Corp now owns 12,695 shares of the airline’s stock worth $359,000 after buying an additional 72 shares during the period. SSI Investment Management Inc. raised its stake in shares of American Airlines Group by 1.7% in the second quarter. SSI Investment Management Inc. now owns 8,371 shares of the airline’s stock worth $237,000 after buying an additional 141 shares during the period. TCW Group Inc. raised its stake in shares of American Airlines Group by 0.5% in the second quarter. TCW Group Inc. now owns 42,400 shares of the airline’s stock worth $1,200,000 after buying an additional 200 shares during the period. Finally, Reilly Financial Advisors LLC raised its stake in shares of American Airlines Group by 2.5% in the third quarter. Reilly Financial Advisors LLC now owns 8,071 shares of the airline’s stock worth $295,000 after buying an additional 200 shares during the period. Institutional investors own 76.01% 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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