American Airlines Group Inc. (NASDAQ:AAL) was downgraded by research analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday.

AAL has been the topic of several other reports. Vetr lowered shares of American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $41.42 price target on the stock. in a report on Tuesday, August 30th. 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. Bank of America Corp. reaffirmed an “underperform” rating and set a $29.00 price target (up from $27.00) on shares of American Airlines Group in a report on Friday, July 15th. Imperial Capital assumed coverage on shares of American Airlines Group in a report on Friday, August 26th. They set an “in-line” rating and a $40.00 price target on the stock. Finally, Morgan Stanley set a $41.00 price target on shares of American Airlines Group and gave the company a “buy” rating in a report on Thursday, August 18th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. American Airlines Group presently has a consensus rating of “Hold” and an average price target of $43.44.

Shares of American Airlines Group (NASDAQ:AAL) traded down 1.8330% during trading on Wednesday, reaching $34.5057. 2,233,621 shares of the company traded hands. The company has a 50 day moving average price of $36.08 and a 200 day moving average price of $35.46. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 3.2599 and a beta of 0.97. American Airlines Group has a 12-month low of $24.85 and a 12-month high of $47.09.

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American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. American Airlines Group had a net margin of 16.50% and a return on equity of 107.21%. The firm had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period last year, the firm earned $2.62 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group will post $5.43 EPS for the current year.

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $36.34, for a total value of $363,400.00. Following the sale, the executive vice president now directly owns 196,907 shares of the company’s stock, valued at $7,155,600.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Beverly K. Goulet sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $32.75, for a total value of $655,000.00. Following the completion of the sale, the executive vice president now directly owns 308,604 shares in the company, valued at $10,106,781. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

A number of hedge funds have recently modified their holdings of AAL. Norges Bank acquired a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $100,096,000. Douglas Lane & Associates LLC acquired a new stake in shares of American Airlines Group during the first quarter valued at approximately $17,009,000. Glenmede Trust Co. NA raised its stake in shares of American Airlines Group by 37.2% in the first quarter. Glenmede Trust Co. NA now owns 47,774 shares of the airline’s stock valued at $1,959,000 after buying an additional 12,955 shares during the last quarter. Telemus Capital LLC raised its stake in shares of American Airlines Group by 1,170.1% in the first quarter. Telemus Capital LLC now owns 165,748 shares of the airline’s stock valued at $6,797,000 after buying an additional 152,698 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of American Airlines Group by 7.8% in the first quarter. Aperio Group LLC now owns 114,807 shares of the airline’s stock valued at $4,708,000 after buying an additional 8,352 shares during the last quarter. 74.62% of the stock is currently owned by institutional investors.

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).

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