J P Morgan Chase & Co Lowers American Airlines Group, Inc. (AAL) to Neutral
American Airlines Group, Inc. (NASDAQ:AAL) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday.
Several other research analysts have also recently issued reports on the company. BidaskClub raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Vetr raised American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 price target for the company in a research note on Tuesday, May 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $52.00 price target on shares of American Airlines Group in a research note on Thursday, July 13th. Imperial Capital reissued an “in-line” rating and issued a $43.00 price target on shares of American Airlines Group in a research note on Friday, May 19th. Finally, Bank of America Corporation increased their price target on American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.28.
American Airlines Group (NASDAQ AAL) opened at 46.18 on Friday. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 11.46 and a beta of 0.98. The company has a 50-day moving average of $47.03 and a 200-day moving average of $46.75. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that American Airlines Group will post $4.86 EPS for the current year.
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In other American Airlines Group news, EVP Elise R. Eberwein sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total value of $2,517,500.00. Following the sale, the executive vice president now owns 312,368 shares of the company’s stock, valued at approximately $15,727,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the sale, the executive vice president now directly owns 161,476 shares in the company, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. BlackRock Inc. grew its holdings in American Airlines Group by 4,435.0% in the 1st quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC grew its holdings in American Airlines Group by 56.3% in the 1st quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Primecap Management Co. CA grew its holdings in American Airlines Group by 3.4% in the 1st quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. Cyrus Capital Partners L.P. acquired a new stake in American Airlines Group in the 2nd quarter valued at approximately $75,480,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in American Airlines Group by 4,841.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock valued at $39,927,000 after buying an additional 924,800 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.
American Airlines Group Company Profile
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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