American Airlines Group (AAL) Rating Increased to Hold at BidaskClub

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American Airlines Group (NASDAQ:AAL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday, BidAskClub reports.

Other equities analysts also recently issued reports about the stock. Cowen reduced their price objective on shares of American Airlines Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 9th. Deutsche Bank downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $28.81 to $35.63 in a research note on Friday, March 1st. Imperial Capital restated an “outperform” rating and set a $43.00 price objective (down from $46.00) on shares of American Airlines Group in a research note on Friday, March 15th. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Macquarie set a $53.00 price objective on shares of American Airlines Group and gave the stock a “buy” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. American Airlines Group currently has an average rating of “Hold” and an average price target of $45.74.

Shares of NASDAQ AAL opened at $34.69 on Friday. The firm has a market capitalization of $15.58 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.12 and a beta of 1.53. American Airlines Group has a 1-year low of $28.81 and a 1-year high of $48.38.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. The firm had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.94 billion. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. Analysts predict that American Airlines Group will post 5.8 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of AAL. Harris Associates L P raised its holdings in shares of American Airlines Group by 14.0% in the 4th quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after purchasing an additional 2,328,627 shares during the period. Private Advisor Group LLC raised its holdings in shares of American Airlines Group by 17.4% in the 4th quarter. Private Advisor Group LLC now owns 13,596 shares of the airline’s stock valued at $437,000 after purchasing an additional 2,011 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in shares of American Airlines Group by 0.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock valued at $1,915,000 after purchasing an additional 414 shares during the period. Morgan Stanley raised its holdings in shares of American Airlines Group by 1.7% in the 3rd quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock valued at $82,181,000 after purchasing an additional 33,850 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC bought a new stake in shares of American Airlines Group in the 4th quarter valued at about $243,000. Institutional investors own 81.47% of the company’s stock.

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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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