American Airlines Group (NASDAQ:AAL) had its price objective reduced by Buckingham Research from $57.00 to $47.00 in a research note released on Wednesday. Buckingham Research currently has a buy rating on the airline’s stock.

AAL has been the subject of several other reports. Imperial Capital dropped their price objective on American Airlines Group from $56.00 to $50.00 and set an outperform rating for the company in a report on Thursday, July 12th. They noted that the move was a valuation call. BidaskClub cut American Airlines Group from a sell rating to a strong sell rating in a report on Tuesday, June 12th. Barclays dropped their price objective on American Airlines Group from $68.00 to $60.00 and set an overweight rating for the company in a report on Monday, July 16th. Zacks Investment Research cut American Airlines Group from a hold rating to a strong sell rating in a report on Friday, August 3rd. Finally, ValuEngine cut American Airlines Group from a sell rating to a strong sell rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $52.15.

NASDAQ:AAL opened at $30.91 on Wednesday. The company 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 quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of -25.16. American Airlines Group has a 1-year low of $30.75 and a 1-year high of $59.08.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The business had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.67 billion. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.92 EPS. As a group, equities research analysts forecast that American Airlines Group will post 4.66 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners increased its stake in shares of American Airlines Group by 2.6% in the 2nd quarter. Boston Partners now owns 1,687,054 shares of the airline’s stock valued at $64,041,000 after purchasing an additional 42,289 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of American Airlines Group by 10.4% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,287 shares of the airline’s stock valued at $3,275,000 after purchasing an additional 8,100 shares during the last quarter. Foundry Partners LLC increased its stake in shares of American Airlines Group by 2.6% in the 2nd quarter. Foundry Partners LLC now owns 202,145 shares of the airline’s stock valued at $7,673,000 after purchasing an additional 5,075 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of American Airlines Group by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock valued at $32,960,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Ruffer LLP bought a new stake in American Airlines Group during the 2nd quarter worth $379,000. Institutional investors own 82.24% of the company’s stock.

About American Airlines Group

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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