Vetr downgraded shares of American Airlines Group Inc. (NASDAQ:AAL) from a buy rating to a hold rating in a report published on Tuesday morning. The brokerage currently has $38.72 target price on the airline’s stock.

Several other equities analysts have also issued reports on the stock. Bank of America Corp. lowered shares of American Airlines Group from a neutral rating to an underperform rating in a report on Thursday, June 16th. Credit Suisse Group AG lowered shares of American Airlines Group from an outperform rating to an underperform rating and cut their price objective for the company from $47.00 to $28.00 in a report on Wednesday, July 6th. Cowen and Company reissued an outperform rating and set a $43.00 price objective on shares of American Airlines Group in a report on Wednesday, August 31st. Buckingham Research reissued a buy rating and set a $49.00 price objective (up from $44.00) on shares of American Airlines Group in a report on Tuesday, July 26th. Finally, Raymond James Financial Inc. reissued an outperform rating on shares of American Airlines Group in a report on Wednesday, June 15th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $43.39.

American Airlines Group (NASDAQ:AAL) opened at 35.49 on Tuesday. The company has a market capitalization of $18.81 billion, a PE ratio of 3.35 and a beta of 0.97. American Airlines Group has a 12-month low of $24.85 and a 12-month high of $47.09. The stock’s 50 day moving average price is $36.12 and its 200 day moving average price is $35.67.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Friday, July 22nd. The airline reported $1.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.27 billion. American Airlines Group had a net margin of 16.50% and a return on equity of 107.21%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $2.62 earnings per share. On average, equities analysts anticipate that American Airlines Group will post $5.43 EPS for the current fiscal year.

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total value of $363,400.00. Following the completion of the transaction, the executive vice president now owns 196,907 shares in the company, valued at $7,155,600.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Beverly K. Goulet sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $37.50, for a total transaction of $750,000.00. Following the completion of the transaction, the executive vice president now owns 268,604 shares of the company’s stock, valued at approximately $10,072,650. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Exane Derivatives increased its position in shares of American Airlines Group by 105.9% in the first quarter. Exane Derivatives now owns 3,575 shares of the airline’s stock worth $147,000 after buying an additional 1,839 shares during the period. Cribstone Capital Management LLC purchased a new position in shares of American Airlines Group during the second quarter worth $108,000. Zions Bancorporation increased its position in shares of American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock worth $165,000 after buying an additional 3,932 shares during the period. Westbourne Investment Advisors Inc. purchased a new position in shares of American Airlines Group during the second quarter worth $115,000. Finally, Checchi Capital Advisers LLC increased its position in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

5 Day Chart for NASDAQ:AAL

To view Vetr’s full report, visit Vetr’s official website.

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