American Airlines Group (AAL) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of American Airlines Group (NASDAQ:AAL) from a strong sell rating to a sell rating in a report released on Wednesday.

Several other research analysts also recently commented on the company. Imperial Capital dropped their price target on American Airlines Group from $56.00 to $50.00 and set an outperform rating on the stock in a research report on Thursday, July 12th. They noted that the move was a valuation call. ValuEngine raised American Airlines Group from a strong sell rating to a sell rating in a research report on Thursday, July 19th. Cowen dropped their price target on American Airlines Group from $55.00 to $48.00 and set an outperform rating on the stock in a research report on Wednesday, July 11th. Zacks Investment Research raised American Airlines Group from a strong sell rating to a hold rating in a research report on Tuesday, September 11th. Finally, Buckingham Research dropped their price target on American Airlines Group from $63.00 to $57.00 and set a buy rating on the stock in a research report on Tuesday, July 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. American Airlines Group has a consensus rating of Buy and an average price target of $55.50.

Shares of AAL stock opened at $39.74 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of -25.16. American Airlines Group has a twelve month low of $35.64 and a twelve month high of $59.08. The company has a market capitalization of $18.08 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.73 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The business had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $11.67 billion. During the same period last year, the business earned $1.92 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. research analysts forecast that American Airlines Group will post 4.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, August 6th. American Airlines Group’s payout ratio is presently 8.20%.

Several large investors have recently made changes to their positions in AAL. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of American Airlines Group by 26.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,977 shares of the airline’s stock worth $1,869,000 after purchasing an additional 7,578 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Airlines Group by 21.8% during the 1st quarter. Victory Capital Management Inc. now owns 45,868 shares of the airline’s stock worth $2,383,000 after purchasing an additional 8,205 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of American Airlines Group by 285.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,862 shares of the airline’s stock worth $461,000 after purchasing an additional 6,561 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of American Airlines Group by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,690,052 shares of the airline’s stock worth $87,816,000 after purchasing an additional 99,008 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of American Airlines Group by 323.7% during the 1st quarter. Engineers Gate Manager LP now owns 33,151 shares of the airline’s stock worth $1,723,000 after purchasing an additional 25,327 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors.

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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