Vetr cut shares of American Airlines Group Inc. (NASDAQ:AAL) from a buy rating to a hold rating in a research report sent to investors on Thursday. Vetr currently has $40.62 price objective on the airline’s stock.
A number of other equities analysts have also commented on AAL. Buckingham Research reissued a buy rating and issued a $44.00 price target on shares of American Airlines Group in a report on Sunday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $50.50 to $41.50 and set an overweight rating on the stock in a report on Wednesday, July 27th. Credit Suisse Group AG increased their price target on shares of American Airlines Group from $29.00 to $34.00 and gave the stock an underperform rating in a report on Monday, July 25th. Deutsche Bank AG increased their price target on shares of American Airlines Group from $43.00 to $45.00 and gave the stock a buy rating in a report on Monday, July 25th. Finally, Stifel Nicolaus decreased their price target on shares of American Airlines Group from $50.00 to $45.00 and set a buy rating on the stock in a report on Wednesday. Five analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. American Airlines Group presently has an average rating of Hold and an average target price of $42.07.
Shares of American Airlines Group (NASDAQ:AAL) traded up 0.25% during trading on Thursday, reaching $39.34. 2,781,316 shares of the company were exchanged. The stock has a 50-day moving average price of $36.88 and a 200-day moving average price of $34.97. The stock has a market capitalization of $20.85 billion, a PE ratio of 3.72 and a beta of 0.97. American Airlines Group has a one year low of $24.85 and a one year high of $47.09.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 22nd. The airline reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. American Airlines Group had a net margin of 16.50% and a return on equity of 107.21%. American Airlines Group’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.62 EPS. Analysts forecast that American Airlines Group will post $5.44 EPS for the current year.
In related news, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $37.50, for a total value of $750,000.00. Following the completion of the transaction, the executive vice president now directly owns 268,604 shares in the company, valued at approximately $10,072,650. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total transaction of $363,400.00. Following the completion of the transaction, the executive vice president now owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc raised its stake in American Airlines Group by 0.9% in the first quarter. Legal & General Group Plc now owns 728,055 shares of the airline’s stock worth $29,859,000 after buying an additional 6,624 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in American Airlines Group during the first quarter worth $12,243,000. Mariner Wealth Advisors LLC raised its stake in American Airlines Group by 14.9% in the first quarter. Mariner Wealth Advisors LLC now owns 6,604 shares of the airline’s stock worth $271,000 after buying an additional 857 shares in the last quarter. Chubb Ltd. purchased a new stake in American Airlines Group during the first quarter worth $16,404,000. Finally, Crystal Rock Capital Management purchased a new stake in American Airlines Group during the first quarter worth $1,530,000. Institutional investors own 74.62% of the company’s stock.
About American Airlines Group
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.