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

BidaskClub lowered shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a sell rating in a research report released on Friday, BidAskClub reports.

A number of other equities research analysts have also recently commented on AAL. Cowen restated an outperform rating and issued a $41.00 price target (down from $42.00) on shares of American Airlines Group in a report on Monday, April 29th. Imperial Capital restated an in-line rating and issued a $41.00 price target (down from $43.00) on shares of American Airlines Group in a report on Tuesday, April 30th. ValuEngine cut shares of American Airlines Group from a sell rating to a strong sell rating in a report on Saturday, July 27th. Citigroup set a $54.00 price target on shares of American Airlines Group and gave the stock a buy rating in a report on Friday, July 26th. Finally, Barclays reduced their price target on shares of American Airlines Group from $60.00 to $48.00 and set an overweight rating for the company in a report on Monday, May 20th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $41.19.

Shares of AAL traded up $0.38 during trading hours on Friday, hitting $25.79. 8,826,800 shares of the stock were exchanged, compared to its average volume of 6,954,493. American Airlines Group has a fifty-two week low of $25.14 and a fifty-two week high of $43.89. The business has a 50-day moving average of $31.27 and a 200-day moving average of $32.48. The firm has a market capitalization of $11.62 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 0.31 and a beta of 1.66.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.05. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The company had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.98 billion. During the same period in the prior year, the company posted $1.63 earnings per share. American Airlines Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that American Airlines Group will post 4.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. American Airlines Group’s payout ratio is 8.79%.

In other American Airlines Group news, Director Michael J. Embler acquired 4,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $28.18 per share, for a total transaction of $112,720.00. Following the acquisition, the director now owns 30,969 shares in the company, valued at approximately $872,706.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO W Douglas Parker acquired 50,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of $28.09 per share, with a total value of $1,404,500.00. Following the completion of the acquisition, the chief executive officer now owns 2,201,636 shares in the company, valued at approximately $61,843,955.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 99,000 shares of company stock valued at $2,787,070. Company insiders own 0.86% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AAL. Steward Partners Investment Advisory LLC bought a new stake in American Airlines Group during the 2nd quarter valued at $25,000. NEXT Financial Group Inc raised its holdings in American Airlines Group by 4,545.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock valued at $33,000 after buying an additional 1,000 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in American Airlines Group by 69.4% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock valued at $34,000 after buying an additional 437 shares during the last quarter. Howe & Rusling Inc. bought a new stake in American Airlines Group during the 1st quarter valued at $39,000. Finally, CWM LLC bought a new stake in American Airlines Group during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

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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