American Airlines Group, Inc. (AAL) Downgraded to Buy at Vetr Inc.

Vetr downgraded shares of American Airlines Group, Inc. (NASDAQ:AAL) from a strong-buy rating to a buy rating in a research report report published on Tuesday. Vetr currently has $52.81 target price on the airline’s stock.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their target price on American Airlines Group from $50.00 to $45.00 and set a buy rating for the company in a report on Wednesday, October 12th. Citigroup Inc. started coverage on American Airlines Group in a report on Friday, November 18th. They set a buy rating and a $55.00 target price for the company. TheStreet upgraded American Airlines Group from a hold rating to a buy rating in a report on Monday, October 31st. Wolfe Research set a $46.00 target price on American Airlines Group and gave the stock a buy rating in a report on Friday, October 21st. Finally, Barclays PLC started coverage on American Airlines Group in a report on Thursday, December 15th. They set an equal weight rating and a $62.00 target price for the company. Four analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $45.96.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Shares of American Airlines Group (NASDAQ:AAL) traded up 0.23% during mid-day trading on Tuesday, reaching $48.59. 5,241,146 shares of the company traded hands. The company has a market capitalization of $25.18 billion, a P/E ratio of 5.04 and a beta of 0.96. American Airlines Group has a 52-week low of $24.85 and a 52-week high of $50.64. The firm’s 50 day moving average price is $47.30 and its 200-day moving average price is $38.96.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The company earned $10.60 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the prior year, the company posted $2.77 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that American Airlines Group will post $5.60 earnings per share for the current fiscal year.

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In related news, Chairman W Douglas Parker sold 113,706 shares of the stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $48.12, for a total value of $5,471,532.72. Following the completion of the transaction, the chairman now owns 1,772,430 shares in the company, valued at approximately $85,289,331.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president now owns 248,604 shares of the company’s stock, valued at approximately $9,944,160. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC increased its stake 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 valued at $117,000 after buying an additional 37 shares in the last quarter. Personal Capital Advisors Corp increased its stake in shares of American Airlines Group by 0.6% in the second quarter. Personal Capital Advisors Corp now owns 12,695 shares of the airline’s stock valued at $359,000 after buying an additional 72 shares in the last quarter. TCW Group Inc. increased its stake in American Airlines Group by 0.5% in the second quarter. TCW Group Inc. now owns 42,400 shares of the airline’s stock worth $1,200,000 after buying an additional 200 shares during the period. Reilly Financial Advisors LLC increased its stake in American Airlines Group by 2.5% in the third quarter. Reilly Financial Advisors LLC now owns 8,071 shares of the airline’s stock worth $295,000 after buying an additional 200 shares during the period. Finally, Cribstone Capital Management LLC increased its stake in American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management LLC now owns 4,105 shares of the airline’s stock worth $161,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.

About American Airlines Group

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

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