Vetr Inc. Lowers American Airlines Group Inc. (AAL) to Hold
American Airlines Group Inc. (NASDAQ:AAL) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Wednesday. They presently have a $40.62 price objective on the airline’s stock. Vetr‘s price objective indicates a potential upside of 3.21% from the stock’s previous close.
Several other research analysts have also weighed in on AAL. Buckingham Research restated a “buy” rating and set a $44.00 target price on shares of American Airlines Group in a research report on Sunday, July 17th. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $50.50 to $41.50 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Deutsche Bank AG upped their price target on shares of American Airlines Group from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, July 25th. Bank of America Corp. reaffirmed a “sell” rating and issued a $29.00 price target on shares of American Airlines Group in a report on Tuesday, July 26th. Finally, Cowen and Company upped their price target on shares of American Airlines Group from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, July 25th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. American Airlines Group currently has an average rating of “Hold” and a consensus target price of $42.07.
Shares of American Airlines Group (NASDAQ:AAL) opened at 39.35 on Wednesday. The stock’s 50 day moving average is $37.09 and its 200-day moving average is $34.85. The firm has a market cap of $20.85 billion, a P/E ratio of 3.72 and a beta of 0.97. American Airlines Group has a one year low of $24.85 and a one year high of $47.09.
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American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, July 22nd. The airline reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the previous year, the business posted $2.62 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate that American Airlines Group will post $5.44 EPS for the current fiscal year.
In related news, EVP Beverly K. Goulet sold 20,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 268,604 shares of the company’s stock, valued at approximately $10,072,650. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total transaction 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 disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC purchased a new stake in American Airlines Group during the second quarter worth $108,000. Westbourne Investment Advisors Inc. purchased a new stake in American Airlines Group during the second quarter worth $115,000. Checchi Capital Advisers LLC raised its stake 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 raised its stake 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 raised its stake 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. 74.63% of the stock is owned by institutional investors and hedge funds.
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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