American Airlines Group (NASDAQ:AAL) Stock Rating Downgraded by Argus

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American Airlines Group (NASDAQ:AAL – Get Note) was downgraded by Argus equity research analysts from a “buy” rating to a “hold” rating in a note released Friday to investors, MarketBeat Ratings reports.

Other equity research analysts have also published reports on the company. JPMorgan Chase & Co. downgraded American Airlines Group from an “underweight” to a “neutral” rating and raised its price target for the stock from $18.00 to $26.00 in a Friday, April 22 research report. Barclays cut its price target on American Airlines Group from $20.00 to $17.00 and set an “underweight” rating on the stock in a Tuesday, June 14 research report. Deutsche Bank Aktiengesellschaft raised its price target on American Airlines Group from $23.00 to $25.00 and gave the stock a “buy” rating in a Friday, April 22 research report. Jefferies Financial Group reaffirmed a “hold” rating and set a price target of $20.00 on shares of American Airlines Group in a Monday, June 27 report. Finally, Goldman Sachs Group cut its price target on American Airlines Group from $14.00 to $12.00 and set a “sell” rating on the stock in a Wednesday, March 16 report. Two analysts rated the stock with a sell rating, twelve gave the company a hold rating and three gave the company a buy rating. According to MarketBeat, American Airlines Group currently has an average rating of “Hold” and a consensus target price of $20.11.

AAL stock opened at $13.97 on Friday. American Airlines Group has a 1-year minimum of $11.93 and a 1-year maximum of $22.35. The company has a market capitalization of $9.07 billion, a P/E ratio of -3.80 and a beta of 1.54. The company’s 50-day moving average is $15.49 and its 200-day moving average is $16.78.

American Airlines Group (NASDAQ:AAL – Get Rating) last released its quarterly results on Thursday, April 21. The airline reported EPS ($2.32) for the quarter, beating analyst consensus estimates of ($2.43) by $0.11. The company posted revenue of $8.90 billion for the quarter, versus a consensus estimate of $8.82 billion. The company’s revenue increased 122.0% year over year. In the same quarter last year, the company made ($4.32) earnings per share. On average, research analysts expect American Airlines Group to post -1.34 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently changed their positions in the company. CENTRAL TRUST Co increased its stake in American Airlines Group by 6,685.7% in the 1st quarter. CENTRAL TRUST Co now owns 1,425 shares of the airline valued at $26,000 after buying an additional 1,404 shares in the last quarter. Whittier Trust Co. acquired a new stake in American Airlines Group in Q4 valued at approximately $26,000. Private Capital Group LLC increased its stake in American Airlines Group by 207.4% in the 1st quarter. Private Capital Group LLC now owns 1,534 shares of the airline valued at $28,000 after buying an additional 1,035 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in American Airlines Group in Q4 valued at approximately $27,000. Finally, Steward Financial Group LLC acquired a new stake in American Airlines Group in Q4 valued at approximately $32,000. Institutional investors hold 53.70% of the company’s shares.

American Airlines Group Company Profile (Get a rating)

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, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney and Tokyo.

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