ValuEngine Downgrades American Airlines Group (AAL) to Strong Sell

ValuEngine cut shares of American Airlines Group (NASDAQ:AAL) from a sell rating to a strong sell rating in a research report report published on Tuesday.

Other analysts have also recently issued reports about the company. Imperial Capital cut their target price on American Airlines Group from $56.00 to $50.00 and set an outperform rating on the stock in a research note on Thursday, July 12th. They noted that the move was a valuation call. BidaskClub cut American Airlines Group from a sell rating to a strong sell rating in a research note on Tuesday, June 12th. Barclays cut their target price on American Airlines Group from $68.00 to $60.00 and set an overweight rating on the stock in a research note on Monday, July 16th. Zacks Investment Research cut American Airlines Group from a hold rating to a strong sell rating in a research note on Friday, August 3rd. Finally, Macquarie raised American Airlines Group from a neutral rating to an outperform rating and set a $47.00 price objective on the stock in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $52.15.

NASDAQ AAL opened at $30.91 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of -25.16. The stock has a market capitalization of $19.03 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. American Airlines Group has a 1 year low of $30.75 and a 1 year high of $59.08.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The company had revenue of $11.64 billion for the quarter, compared to analysts’ expectations of $11.67 billion. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. American Airlines Group’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. As a group, analysts anticipate that American Airlines Group will post 4.66 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of AAL. Envestnet Asset Management Inc. boosted its position in American Airlines Group by 71.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,384 shares of the airline’s stock valued at $253,000 after acquiring an additional 2,242 shares in the last quarter. Federated Investors Inc. PA boosted its position in American Airlines Group by 395.0% during the 1st quarter. Federated Investors Inc. PA now owns 17,717 shares of the airline’s stock valued at $921,000 after acquiring an additional 14,138 shares in the last quarter. Natixis Advisors L.P. boosted its position in American Airlines Group by 20.6% during the 1st quarter. Natixis Advisors L.P. now owns 17,542 shares of the airline’s stock valued at $911,000 after acquiring an additional 2,991 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of American Airlines Group by 175.6% during the first quarter. Russell Investments Group Ltd. now owns 278,392 shares of the airline’s stock valued at $14,437,000 after purchasing an additional 177,377 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of American Airlines Group during the first quarter valued at approximately $310,000. 82.24% of the stock is currently owned by institutional investors and hedge funds.

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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