Vetr Inc. Lowers American Airlines Group Inc. (AAL) to Hold
American Airlines Group Inc. (NASDAQ:AAL) was downgraded by Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They presently have a $40.62 target price on the airline’s stock. Vetr‘s target price suggests a potential upside of 3.52% from the company’s current price.
Other analysts have also issued research reports about the stock. Buckingham Research restated a “buy” rating and issued a $44.00 price target on shares of American Airlines Group in a research note on Sunday, July 17th. Bank of America Corp. lowered shares of American Airlines Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 16th. JPMorgan Chase & Co. dropped their price target on shares of American Airlines Group from $50.50 to $41.50 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Deutsche Bank AG lifted their price target on shares of American Airlines Group from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Finally, Raymond James Financial Inc. restated an “outperform” rating on shares of American Airlines Group in a research note on Wednesday, June 15th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.07.
American Airlines Group (NASDAQ:AAL) traded up 4.98% during mid-day trading on Thursday, hitting $39.24. 14,773,296 shares of the stock traded hands. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 3.71 and a beta of 0.97. The stock has a 50-day moving average of $36.88 and a 200 day moving average of $34.97. American Airlines Group has a 1-year low of $24.85 and a 1-year high of $47.09.
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American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Friday, July 22nd. The airline reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The company 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%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.62 earnings per share. On average, equities analysts expect that American Airlines Group will post $5.44 EPS for the current year.
In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were 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 in the company, valued at $7,155,600.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Beverly K. Goulet sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total transaction of $750,000.00. Following the completion of the sale, the executive vice president now owns 268,604 shares in the company, valued at $10,072,650. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Cribstone Capital Management LLC acquired a new stake in shares of American Airlines Group during the second quarter valued at approximately $108,000. Zions Bancorporation boosted its stake in shares of 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 period. Westbourne Investment Advisors Inc. acquired a new stake in shares of American Airlines Group during the second quarter valued at approximately $115,000. Checchi Capital Advisers LLC boosted its stake in shares of 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 period. Finally, Evercore Wealth Management LLC boosted its stake in shares of 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 period. Hedge funds and other 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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