BidaskClub Downgrades American Airlines Group (NASDAQ:AAL) to Sell

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

Several other brokerages also recently commented on AAL. Deutsche Bank lowered their target price on American Airlines Group from $21.00 to $18.00 and set a buy rating for the company in a research note on Tuesday, April 21st. Susquehanna Bancshares cut American Airlines Group from a positive rating to a neutral rating and set a $10.00 target price on the stock. in a report on Tuesday, April 21st. ValuEngine upgraded American Airlines Group from a buy rating to a strong-buy rating in a report on Monday, June 1st. Goldman Sachs Group cut American Airlines Group from a buy rating to a neutral rating and reduced their target price for the company from $34.00 to $15.00 in a report on Monday, March 16th. Finally, Zacks Investment Research cut American Airlines Group from a hold rating to a sell rating and set a $10.00 target price on the stock. in a report on Monday, May 18th. Twelve analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $17.56.

NASDAQ:AAL opened at $13.07 on Friday. American Airlines Group has a 1-year low of $8.25 and a 1-year high of $34.99. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 135.16. The firm has a fifty day simple moving average of $13.14 and a 200 day simple moving average of $18.77. The stock has a market capitalization of $6.29 billion, a PE ratio of -7.03 and a beta of 1.71.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 30th. The airline reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.16) by ($0.49). American Airlines Group had a negative net margin of 1.69% and a negative return on equity of 124.31%. The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the prior year, the business posted $0.52 earnings per share. American Airlines Group’s quarterly revenue was down 19.5% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group will post -15.68 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new position in shares of American Airlines Group during the 4th quarter valued at about $25,000. Archer Investment Corp purchased a new position in shares of American Airlines Group during the 4th quarter valued at about $39,000. Financial Advantage Inc. purchased a new position in shares of American Airlines Group during the 1st quarter valued at about $25,000. Gradient Investments LLC raised its holdings in shares of American Airlines Group by 1,152.3% during the 1st 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 in the last quarter. Finally, CX Institutional raised its holdings in shares of American Airlines Group by 4,330.0% during the 1st quarter. CX Institutional now owns 2,215 shares of the airline’s stock valued at $27,000 after buying an additional 2,165 shares in the last quarter. Hedge funds and other institutional investors own 69.91% 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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