American Airlines Group (NASDAQ:AAL) Downgraded to “Neutral” Rating by UBS Group

UBS Group cut shares of American Airlines Group (NASDAQ:AAL) from a buy rating to a neutral rating in a research report released on Tuesday morning, MarketBeat reports. The brokerage currently has $16.00 price target on the airline’s stock.

AAL has been the topic of several other research reports. Evercore ISI boosted their target price on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen lifted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Barclays upgraded American Airlines Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $10.00 to $16.00 in a report on Thursday, November 14th. Jefferies Financial Group lifted their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.93.

American Airlines Group Stock Down 1.9 %

Shares of American Airlines Group stock opened at $14.64 on Tuesday. The firm’s 50 day moving average is $12.71 and its two-hundred day moving average is $11.76. The firm has a market capitalization of $9.62 billion, a P/E ratio of 44.36, a P/E/G ratio of 0.26 and a beta of 1.39. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts expect that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Primecap Management Co. CA raised its stake in American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after buying an additional 458,310 shares in the last quarter. U S Global Investors Inc. grew its position in American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after purchasing an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Toronto Dominion Bank grew its position in American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in American Airlines Group by 107.6% in the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.