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

AAL has been the subject of a number of other research reports. UBS Group reduced their price target on American Airlines Group from $12.00 to $10.00 and set a sell rating for the company in a research report on Friday, May 1st. Cfra reduced their price target on American Airlines Group from $35.00 to $26.00 and set a hold rating for the company in a research report on Friday, February 28th. Barclays cut American Airlines Group from an equal weight rating to an underweight rating in a research report on Monday, May 4th. Goldman Sachs Group cut American Airlines Group from a buy rating to a neutral rating and reduced their price target for the stock from $34.00 to $15.00 in a research report on Monday, March 16th. Finally, Berenberg Bank cut American Airlines Group from a buy rating to a hold rating and set a $18.00 price target for the company. in a research report on Friday, March 27th. Twelve equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. American Airlines Group currently has an average rating of Hold and a consensus target price of $17.56.

American Airlines Group stock opened at $13.07 on Friday. The stock has a market cap of $6.29 billion, a PE ratio of -7.03 and a beta of 1.71. The company has a debt-to-equity ratio of 135.16, a quick ratio of 0.28 and a current ratio of 0.37. American Airlines Group has a one year low of $8.25 and a one year high of $34.99. The stock has a fifty day moving average of $13.14 and a 200 day moving average of $18.77.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 30th. The airline reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.16) by ($0.49). The firm had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $9.01 billion. American Airlines Group had a negative net margin of 1.69% and a negative return on equity of 124.31%. The firm’s revenue was down 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. As a group, sell-side analysts predict that American Airlines Group will post -15.68 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC bought a new position in American Airlines Group during the fourth quarter valued at approximately $25,000. Financial Advantage Inc. bought a new position in American Airlines Group during the first quarter valued at approximately $25,000. Gradient Investments LLC boosted its stake in American Airlines Group by 1,152.3% during the first quarter. Gradient Investments LLC now owns 2,154 shares of the airline’s stock valued at $26,000 after buying an additional 1,982 shares during the last quarter. CX Institutional boosted its stake in American Airlines Group by 4,330.0% during the first quarter. CX Institutional now owns 2,215 shares of the airline’s stock valued at $27,000 after buying an additional 2,165 shares during the last quarter. Finally, Gratus Capital LLC boosted its stake in American Airlines Group by 309.1% during the first quarter. Gratus Capital LLC now owns 9,000 shares of the airline’s stock valued at $27,000 after buying an additional 6,800 shares during the last quarter. 69.91% of the stock is owned by institutional investors.

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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