American Airlines Group (AAL) Downgraded by ValuEngine to “Sell”

American Airlines Group (NASDAQ:AAL) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 11th. Macquarie raised shares of American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Monday, July 30th. Imperial Capital raised their price objective on shares of American Airlines Group from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Finally, Buckingham Research reduced their price objective on shares of American Airlines Group from $63.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.31.

NASDAQ AAL opened at $40.81 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of -25.16. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.81 and a beta of 0.98. American Airlines Group has a 52-week low of $35.64 and a 52-week high of $59.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.04. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $11.67 billion. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. research analysts forecast that American Airlines Group will post 4.65 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in American Airlines Group by 71.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,384 shares of the airline’s stock valued at $253,000 after purchasing an additional 2,242 shares during the last quarter. Private Advisor Group LLC lifted its holdings in American Airlines Group by 90.5% during the 1st quarter. Private Advisor Group LLC now owns 7,709 shares of the airline’s stock valued at $401,000 after purchasing an additional 3,663 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in American Airlines Group by 395.0% during the 1st quarter. Federated Investors Inc. PA now owns 17,717 shares of the airline’s stock valued at $921,000 after purchasing an additional 14,138 shares during the last quarter. Toronto Dominion Bank lifted its holdings in American Airlines Group by 24.7% during the 1st quarter. Toronto Dominion Bank now owns 206,353 shares of the airline’s stock valued at $10,720,000 after purchasing an additional 40,832 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in American Airlines Group by 20.6% during the 1st quarter. Natixis Advisors L.P. now owns 17,542 shares of the airline’s stock valued at $911,000 after purchasing an additional 2,991 shares during the last quarter. 82.23% of the stock is 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.

Read More: Stock Symbols, CUSIP and Other Stock Identifiers

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply