BidaskClub Downgrades American Airlines Group (AAL) to Strong Sell

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American Airlines Group (NASDAQ:AAL) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

Other equities analysts have also recently issued research reports about the company. Credit Suisse Group started coverage on American Airlines Group in a report on Monday, November 19th. They issued a “neutral” rating and a $41.00 target price for the company. ValuEngine lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 11th. Cowen reiterated an “outperform” rating and issued a $42.00 price target (down previously from $43.00) on shares of American Airlines Group in a research report on Thursday, January 10th. Vertical Research initiated coverage on American Airlines Group in a research report on Monday, February 4th. They issued a “hold” rating on the stock. Finally, Imperial Capital reduced their price target on American Airlines Group from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.57.

American Airlines Group stock opened at $32.13 on Wednesday. American Airlines Group has a 52 week low of $28.81 and a 52 week high of $56.41. The firm has a market cap of $14.30 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 0.32 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. Research analysts expect that American Airlines Group will post 6 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in AAL. Victory Capital Management Inc. boosted its position in shares of American Airlines Group by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 71,655 shares of the airline’s stock valued at $2,962,000 after purchasing an additional 20,684 shares in the last quarter. Private Advisor Group LLC boosted its holdings in American Airlines Group by 113.1% in the third quarter. Private Advisor Group LLC now owns 11,585 shares of the airline’s stock worth $479,000 after acquiring an additional 6,148 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in American Airlines Group in the third quarter worth approximately $117,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in American Airlines Group in the third quarter worth approximately $845,000. Finally, ING Groep NV bought a new position in American Airlines Group in the third quarter worth approximately $4,588,000. Institutional investors own 78.96% of the company’s stock.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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