American Airlines Group (NASDAQ:AAL) Cut to “Sell” at BidaskClub

BidaskClub cut shares of American Airlines Group (NASDAQ:AAL) from a hold rating to a sell rating in a research note released on Friday morning, BidAskClub reports.

AAL has been the topic of several other reports. Cowen restated an outperform rating and set a $41.00 price objective (down from $42.00) on shares of American Airlines Group in a research report on Monday, April 29th. Citigroup set a $54.00 price objective on shares of American Airlines Group and gave the company a buy rating in a research report on Friday, July 26th. Morgan Stanley downgraded shares of American Airlines Group from an equal weight rating to an underweight rating and decreased their price objective for the company from $40.00 to $26.00 in a research report on Monday, May 20th. Macquarie downgraded shares of American Airlines Group from an outperform rating to a neutral rating and decreased their price objective for the company from $43.00 to $34.00 in a research report on Monday, July 29th. Finally, Standpoint Research began coverage on shares of American Airlines Group in a research report on Wednesday, June 5th. They set a buy rating on the stock. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. American Airlines Group presently has an average rating of Hold and an average price target of $41.19.

AAL opened at $26.10 on Friday. American Airlines Group has a 1-year low of $25.14 and a 1-year high of $43.89. The company has a market capitalization of $11.31 billion, a PE ratio of 5.74, a PEG ratio of 0.31 and a beta of 1.66. The firm’s 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $32.39.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.05. The firm had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.98 billion. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. As a group, research analysts expect that American Airlines Group will post 4.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.40 annualized dividend and a yield of 1.53%. American Airlines Group’s payout ratio is 8.79%.

In other American Airlines Group news, CEO W Douglas Parker acquired 50,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $28.09 per share, with a total value of $1,404,500.00. Following the purchase, the chief executive officer now directly owns 2,201,636 shares of the company’s stock, valued at approximately $61,843,955.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ray M. Robinson sold 6,930 shares of American Airlines Group stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $29.11, for a total transaction of $201,732.30. Following the completion of the transaction, the director now directly owns 29,754 shares of the company’s stock, valued at $866,138.94. The disclosure for this sale can be found here. Insiders have purchased 99,000 shares of company stock valued at $2,787,070 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new position in shares of American Airlines Group in the 2nd quarter worth $25,000. NEXT Financial Group Inc boosted its stake in shares of American Airlines Group by 4,545.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,022 shares of the airline’s stock worth $33,000 after purchasing an additional 1,000 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of American Airlines Group by 69.4% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,067 shares of the airline’s stock worth $34,000 after purchasing an additional 437 shares during the period. Howe & Rusling Inc. purchased a new position in shares of American Airlines Group during the 1st quarter worth about $39,000. Finally, CWM LLC purchased a new position in shares of American Airlines Group during the 1st quarter worth about $43,000. 78.69% of the stock is 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, 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.

Featured Article: What is the Rule of 72?

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.