American Airlines Group (NASDAQ:AAL) Rating Lowered to “Neutral” at UBS Group

UBS Group downgraded shares of American Airlines Group (NASDAQ:AAL) from a buy rating to a neutral rating in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have $16.00 target price on the airline’s stock.

AAL has been the subject of a number of other research reports. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Evercore ISI increased their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group lifted their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.93.

American Airlines Group Trading Down 0.8 %

Shares of American Airlines Group stock opened at $14.52 on Tuesday. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The company has a market cap of $9.54 billion, a P/E ratio of 44.00, a PEG ratio of 0.26 and a beta of 1.39. The company’s fifty day simple moving average is $12.99 and its two-hundred day simple moving average is $11.80.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts predict that American Airlines Group will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.