Sanford C. Bernstein Lowers American Airlines Group (NASDAQ:AAL) to Market Perform

Sanford C. Bernstein downgraded shares of American Airlines Group (NASDAQ:AAL) from an outperform rating to a market perform rating in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have $12.00 price objective on the airline’s stock, down from their previous price objective of $18.00.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on American Airlines Group from $24.00 to $21.00 and set an overweight rating on the stock in a report on Thursday, May 30th. TD Cowen cut American Airlines Group from a buy rating to a hold rating and reduced their price target for the stock from $16.00 to $10.00 in a report on Wednesday, July 17th. Barclays dropped their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an underweight rating for the company in a report on Wednesday, July 10th. Morgan Stanley reduced their target price on shares of American Airlines Group from $20.00 to $18.00 and set an overweight rating on the stock in a report on Monday, June 3rd. Finally, Susquehanna dropped their price target on shares of American Airlines Group from $15.00 to $13.00 and set a neutral rating for the company in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $15.03.

American Airlines Group Trading Down 3.0 %

NASDAQ:AAL opened at $10.17 on Monday. The stock has a 50 day simple moving average of $11.68 and a 200 day simple moving average of $13.45. The stock has a market cap of $6.67 billion, a P/E ratio of 16.95, a PEG ratio of 0.22 and a beta of 1.44. American Airlines Group has a 1-year low of $10.12 and a 1-year high of $16.90.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that American Airlines Group will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AAL. Vermillion & White Wealth Management Group LLC purchased a new stake in American Airlines Group during the 4th quarter valued at about $27,000. Quarry LP purchased a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $34,000. Beaird Harris Wealth Management LLC grew its holdings in shares of American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the last quarter. ORG Partners LLC purchased a new position in shares of American Airlines Group in the second quarter worth $36,000. Finally, GAMMA Investing LLC purchased a new stake in American Airlines Group during the 4th quarter valued at $38,000. 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.