American Airlines Group Inc (AAL) Rating Lowered to Hold at Vetr Inc.

American Airlines Group Inc (NASDAQ:AAL) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Wednesday. They presently have a $48.52 target price on the airline’s stock. Vetr‘s price target points to a potential upside of 16.24% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on AAL. Citigroup Inc reaffirmed a “buy” rating on shares of American Airlines Group in a report on Tuesday, December 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a $55.00 price target on shares of American Airlines Group in a report on Tuesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 price target on shares of American Airlines Group in a report on Wednesday, February 22nd. Imperial Capital lifted their price target on American Airlines Group from $43.00 to $49.00 and gave the company an “in-line” rating in a report on Tuesday, November 22nd. Finally, Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.68.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Shares of American Airlines Group (NASDAQ:AAL) traded down 0.34% during midday trading on Wednesday, reaching $41.60. The company’s stock had a trading volume of 317,015 shares. The stock’s 50 day moving average is $44.59 and its 200 day moving average is $43.48. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $50.64. The stock has a market capitalization of $20.97 billion, a PE ratio of 8.65 and a beta of 0.93.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, January 27th. The airline reported $0.92 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.92. American Airlines Group had a return on equity of 86.54% and a net margin of 6.66%. The company earned $9.79 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. American Airlines Group’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts forecast that American Airlines Group will post $4.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Monday, February 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. American Airlines Group’s dividend payout ratio is currently 8.37%.

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In other American Airlines Group news, Director Ray M. Robinson sold 8,000 shares of American Airlines Group stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $45.22, for a total transaction of $361,760.00. Following the transaction, the director now directly owns 35,077 shares in the company, valued at approximately $1,586,181.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maya Leibman sold 9,455 shares of American Airlines Group stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $46.79, for a total transaction of $442,399.45. Following the transaction, the executive vice president now owns 165,884 shares in the company, valued at $7,761,712.36. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 23,500 shares of company stock worth $17,025 and sold 135,290 shares worth $6,478,013. 0.64% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Van Hulzen Asset Management LLC purchased a new position in American Airlines Group during the third quarter valued at $106,000. Cribstone Capital Management LLC boosted its position in American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management LLC now owns 4,105 shares of the airline’s stock valued at $161,000 after buying an additional 275 shares during the last quarter. Intellectus Partners LLC purchased a new position in American Airlines Group during the fourth quarter valued at $209,000. Pinnacle Associates Ltd. purchased a new position in American Airlines Group during the fourth quarter valued at $214,000. Finally, Evercore Wealth Management LLC boosted 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. Hedge funds and other institutional investors own 76.78% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

5 Day Chart for NASDAQ:AAL

To view Vetr’s full report, visit Vetr’s official website.

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