American Airlines Group (NASDAQ:AAL) Lowered 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 report published on Tuesday morning, MarketBeat reports. UBS Group currently has $16.00 target price on the airline’s stock.

A number of other analysts have also weighed in on the stock. TD Cowen upped their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Susquehanna lifted their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Bank of America upped their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group lifted their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group presently has an average rating of “Hold” and an average target price of $13.93.

American Airlines Group Trading Down 0.8 %

Shares of AAL 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 stock has a market capitalization of $9.54 billion, a P/E ratio of 44.00, a PEG ratio of 0.26 and a beta of 1.39. The firm’s 50 day moving average is $12.99 and its 200 day moving average is $11.80.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. On average, equities analysts predict that American Airlines Group will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 0.8% in the third 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 last quarter. U S Global Investors Inc. boosted its position in American Airlines Group by 5.9% during the 3rd 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 period. Dimensional Fund Advisors LP grew its holdings in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. Toronto Dominion Bank grew its holdings 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 worth $18,743,000 after acquiring an additional 1,319,859 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of 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 valued at $17,084,000 after acquiring an additional 787,671 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Company Profile

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.