Vetr downgraded shares of American Airlines Group Inc. (NASDAQ:AAL) from a buy rating to a hold rating in a research report report published on Thursday. Vetr currently has $39.50 price objective on the airline’s stock.
A number of other equities analysts have also recently issued reports on AAL. Buckingham Research restated a buy rating and set a $44.00 price target on shares of American Airlines Group in a report on Sunday, July 17th. Bank of America Corp. cut American Airlines Group from a neutral rating to an underperform rating in a report on Thursday, June 16th. JPMorgan Chase & Co. cut their price target on American Airlines Group from $50.50 to $41.50 and set an overweight rating on the stock in a report on Wednesday, July 27th. Deutsche Bank AG increased their price target on American Airlines Group from $43.00 to $45.00 and gave the stock a buy rating in a report on Monday, July 25th. Finally, Raymond James Financial Inc. restated an outperform rating on shares of American Airlines Group in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. American Airlines Group currently has an average rating of Hold and a consensus price target of $43.40.
American Airlines Group (NASDAQ:AAL) traded down 1.65% during trading on Thursday, hitting $37.54. 2,815,084 shares of the company traded hands. American Airlines Group has a 12-month low of $24.85 and a 12-month high of $47.09. The firm has a market capitalization of $19.89 billion, a P/E ratio of 3.55 and a beta of 0.97. The stock has a 50-day moving average price of $36.62 and a 200-day moving average price of $35.06.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.09. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. The business had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same period in the prior year, the business posted $2.62 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. Equities analysts expect that American Airlines Group will post $5.44 EPS for the current fiscal year.
In other news, EVP Maya Leibman sold 10,000 shares of the stock in a transaction on 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 in the company, valued at approximately $7,155,600.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $35.00, for a total value of $700,000.00. Following the transaction, the executive vice president now owns 308,604 shares of the company’s stock, valued at approximately $10,801,140. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of AAL. Cribstone Capital Management LLC purchased a new position in American Airlines Group during the second quarter valued at $108,000. Zions Bancorporation increased its position in American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock valued at $165,000 after buying an additional 3,932 shares during the last quarter. Westbourne Investment Advisors Inc. purchased a new position in American Airlines Group during the second quarter valued at $115,000. Checchi Capital Advisers LLC increased its position in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its position in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock valued at $130,000 after buying an additional 1,727 shares during the last quarter. Institutional investors own 74.62% of the company’s stock.
American Airlines Group Company Profile
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.
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