American Airlines Group Inc. (AAL) Lowered to Hold at Vetr Inc.
American Airlines Group Inc. (NASDAQ:AAL) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Thursday. They presently have a $40.62 price target on the airline’s stock. Vetr‘s price target suggests a potential upside of 3.52% from the stock’s current price.
Several other equities research analysts have also commented on AAL. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of American Airlines Group in a report on Wednesday, June 15th. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 15th. Morgan Stanley reiterated an “overweight” rating on shares of American Airlines Group in a research report on Wednesday, June 15th. Bank of America Corp. downgraded shares of American Airlines Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 16th. Finally, Credit Suisse Group AG reiterated an “underweight” rating on shares of American Airlines Group in a research report on Saturday, June 25th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $42.07.
American Airlines Group (NASDAQ:AAL) traded up 4.98% on Thursday, reaching $39.24. The company’s stock had a trading volume of 14,773,296 shares. The firm has a 50-day moving average of $36.88 and a 200-day moving average of $34.97. American Airlines Group has a one year low of $24.85 and a one year high of $47.09. The company has a market capitalization of $20.79 billion, a PE ratio of 3.71 and a beta of 0.97.
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American Airlines Group (NASDAQ:AAL) last posted its quarterly 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 company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the prior year, the company earned $2.62 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. Analysts predict 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 that occurred on Wednesday, September 7th. The shares were sold at an average price of $37.50, for a total transaction of $750,000.00. Following the completion of the transaction, the executive vice president now owns 268,604 shares of the company’s stock, valued at approximately $10,072,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 196,907 shares of the company’s stock, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new position in American Airlines Group during the second quarter worth $108,000. Westbourne Investment Advisors Inc. bought a new position in American Airlines Group during the second quarter worth $115,000. Checchi Capital Advisers LLC boosted 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 worth $117,000 after buying an additional 37 shares during the last quarter. 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 worth $130,000 after buying an additional 1,727 shares during the last quarter. Finally, Zions Bancorporation boosted 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 worth $165,000 after buying an additional 3,932 shares during the last quarter. 74.62% of the stock is owned by hedge funds and other institutional investors.
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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