Morgan Stanley Lowers American Airlines Group (NASDAQ:AAL) Price Target to $25.00

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American Airlines Group (NASDAQ:AAL) had its price objective lowered by Morgan Stanley from $26.00 to $25.00 in a report issued on Tuesday, Marketbeat reports. The firm currently has an “underweight” rating on the airline’s stock. Morgan Stanley’s price target would indicate a potential downside of 16.36% from the stock’s previous close.

Several other research analysts have also recently commented on AAL. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 27th. BidaskClub cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Berenberg Bank began coverage on shares of American Airlines Group in a research report on Friday, September 6th. They issued a “buy” rating and a $35.00 target price for the company. Citigroup set a $54.00 target price on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Buckingham Research decreased their target price on shares of American Airlines Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.76.

NASDAQ AAL opened at $29.89 on Tuesday. American Airlines Group has a 52 week low of $24.23 and a 52 week high of $43.89. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. The company has a 50-day moving average price of $27.93 and a two-hundred day moving average price of $31.33.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.82 EPS for the quarter, topping the consensus estimate of $1.77 by $0.05. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The firm had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.98 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. American Airlines Group’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that American Airlines Group will post 4.9 earnings per share for the current year.

In related news, Director Ray M. Robinson sold 6,930 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $29.11, for a total transaction of $201,732.30. Following the completion of the sale, the director now directly owns 29,754 shares of the company’s stock, valued at $866,138.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Embler bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $28.18 per share, with a total value of $112,720.00. Following the completion of the purchase, the director now owns 30,969 shares of the company’s stock, valued at $872,706.42. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in American Airlines Group during the second quarter valued at approximately $25,000. NEXT Financial Group Inc lifted its stake in American Airlines Group by 4,545.5% during the second quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock valued at $33,000 after purchasing an additional 1,000 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in American Airlines Group by 69.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock valued at $34,000 after purchasing an additional 437 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in American Airlines Group during the second quarter valued at approximately $58,000. Finally, Salomon & Ludwin LLC acquired a new stake in American Airlines Group during the second quarter valued at approximately $65,000. 79.11% of the stock is 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, 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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