American Airlines Group (NASDAQ:AAL) had its price target cut by Bank of America from $18.00 to $5.00 in a research note released on Monday morning, Stock Target Advisor reports. They currently have an underperform rating on the airline’s stock.

AAL has been the topic of a number of other research reports. Citigroup cut American Airlines Group from a neutral rating to an underperform rating in a report on Thursday, March 5th. ValuEngine lowered American Airlines Group from a hold rating to a sell rating in a report on Tuesday, March 3rd. BidaskClub cut American Airlines Group from a sell rating to a strong sell rating in a research report on Tuesday, March 3rd. Goldman Sachs Group downgraded American Airlines Group from a buy rating to a neutral rating and cut their target price for the company from $34.00 to $15.00 in a research note on Monday, March 16th. Finally, 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. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $25.79.

AAL stock opened at $15.39 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 135.16. American Airlines Group has a fifty-two week low of $10.01 and a fifty-two week high of $35.24. The firm’s 50-day simple moving average is $20.88 and its 200 day simple moving average is $26.42. The stock has a market cap of $5.93 billion, a PE ratio of 4.04, a price-to-earnings-growth ratio of 1.51 and a beta of 1.85.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. American Airlines Group had a net margin of 3.68% and a negative return on equity of 1,414.94%. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $11.32 billion. During the same period in the previous year, the business posted $1.04 EPS. American Airlines Group’s revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that American Airlines Group will post 1.6 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC purchased a new position in shares of American Airlines Group during the 4th quarter valued at $25,000. Quantum Capital Management purchased a new position in American Airlines Group in the third quarter valued at about $26,000. Regal Wealth Group Inc. acquired a new position in American Airlines Group in the 4th quarter worth about $26,000. CFM Wealth Partners LLC acquired a new position in American Airlines Group in the 4th quarter worth about $34,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of American Airlines Group by 189.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,370 shares of the airline’s stock worth $39,000 after purchasing an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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, 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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