American Airlines Group (NASDAQ:AAL) Downgraded by BidaskClub to “Sell”

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BidaskClub lowered shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a sell rating in a research note issued to investors on Saturday, BidAskClub reports.

A number of other equities analysts have also recently weighed in on AAL. Barclays restated an equal weight rating on shares of American Airlines Group in a report on Wednesday, October 30th. Bank of America cut American Airlines Group to a hold rating and set a $31.00 price target for the company. in a report on Monday, September 23rd. UBS Group started coverage on American Airlines Group in a report on Tuesday, November 12th. They issued a sell rating and a $27.00 price target for the company. Cowen set a $36.00 price target on American Airlines Group and gave the stock a buy rating in a report on Wednesday, October 9th. Finally, Buckingham Research decreased their price target on American Airlines Group from $43.00 to $42.00 and set a buy rating for the company in a report on Monday, October 21st. Five analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $35.87.

Shares of AAL stock opened at $28.86 on Friday. The firm has a 50-day moving average price of $28.57 and a 200 day moving average price of $29.90. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 1.88 and a beta of 1.69. American Airlines Group has a twelve month low of $24.23 and a twelve month high of $40.58. The company has a current ratio of 0.49, a quick ratio of 0.40 and a debt-to-equity ratio of 135.16.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. The firm had revenue of $11.91 billion during the quarter, compared to the consensus estimate of $11.93 billion. American Airlines Group had a net margin of 3.50% and a negative return on equity of 1,294.15%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. As a group, research analysts predict that American Airlines Group will post 5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 5th. American Airlines Group’s dividend payout ratio (DPR) is currently 8.79%.

In other news, President Robert D. Isom, Jr. purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of $26.34 per share, with a total value of $65,850.00. Following the transaction, the president now owns 771,271 shares in the company, valued at approximately $20,315,278.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James F. Albaugh purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of $31.41 per share, for a total transaction of $314,100.00. Following the completion of the transaction, the director now owns 36,091 shares in the company, valued at approximately $1,133,618.31. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.

Several hedge funds have recently bought and sold shares of AAL. Vanguard Group Inc. raised its position in shares of American Airlines Group by 16.8% during the 2nd quarter. Vanguard Group Inc. now owns 42,092,587 shares of the airline’s stock valued at $1,372,639,000 after acquiring an additional 6,059,070 shares in the last quarter. Nuveen Asset Management LLC increased its position in American Airlines Group by 95.7% in the second quarter. Nuveen Asset Management LLC now owns 6,612,922 shares of the airline’s stock worth $215,648,000 after buying an additional 3,234,558 shares during the period. Balyasny Asset Management LLC acquired a new stake in American Airlines Group in the second quarter worth $29,637,000. MUFG Securities EMEA plc acquired a new stake in American Airlines Group in the second quarter worth $16,305,000. Finally, Russell Investments Group Ltd. increased its position in American Airlines Group by 22.3% in the second quarter. Russell Investments Group Ltd. now owns 1,478,883 shares of the airline’s stock worth $48,139,000 after buying an additional 270,145 shares during the period. 80.26% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Company Profile

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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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