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.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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.

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).

5 Day Chart for NASDAQ:AAL

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

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