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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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