American Airlines Group (NASDAQ:AAL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

A number of other equities research analysts have also issued reports on the company. Bank of America reduced their price target on American Airlines Group from $61.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Buckingham Research reduced their price target on American Airlines Group from $57.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup reduced their price target on American Airlines Group from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Imperial Capital reduced their price target on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. Finally, ValuEngine lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.15.

Shares of American Airlines Group stock opened at $30.91 on Thursday. American Airlines Group has a 12 month low of $30.75 and a 12 month high of $59.08. The stock has a market cap of $19.03 billion, a P/E ratio of 6.34, a PEG ratio of 0.77 and a beta of 0.98. The company has a debt-to-equity ratio of -25.16, a current ratio of 0.55 and a quick ratio of 0.46.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, July 26th. The airline reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The company had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.67 billion. During the same period last year, the business posted $1.92 EPS. American Airlines Group’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts expect that American Airlines Group will post 4.66 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lansdowne Partners UK LLP raised its position in shares of American Airlines Group by 252.8% during the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock worth $227,147,000 after acquiring an additional 4,287,800 shares in the last quarter. LSV Asset Management raised its position in shares of American Airlines Group by 0.5% during the 2nd quarter. LSV Asset Management now owns 4,067,709 shares of the airline’s stock worth $154,410,000 after acquiring an additional 21,317 shares in the last quarter. Morgan Stanley raised its position in shares of American Airlines Group by 32.2% during the 2nd quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock worth $74,196,000 after acquiring an additional 476,499 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Airlines Group by 27.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,880,558 shares of the airline’s stock worth $71,389,000 after acquiring an additional 402,427 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of American Airlines Group by 999.2% during the 2nd quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock worth $68,753,000 after acquiring an additional 1,646,418 shares in the last quarter. 82.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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