Home research company Zacks Investment Research downgrades American Airlines Group (NASDAQ: AAL) for sale

Zacks Investment Research downgrades American Airlines Group (NASDAQ: AAL) for sale

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American Airlines Group (NASDAQ: AAL) has been downgraded from Zacks investment research from a “keep” note to a “sell” note in a report published on Wednesday, Zacks.com reports. They currently have a target price of $ 19.00 on the airline’s stock. Zacks investment researchThe company’s price target points to a potential rise of 4.40% from the company’s previous close.

According to Zacks, “With the demand for air travel continuing to recover in the United States despite the threat posed by the omicron variant, American Airlines passenger revenues have increased 56.1% year-over-year over the course of the year. the first nine months of 2021. The carrier has attracted significant traffic. during the Thanksgiving holiday season. American Airlines’ debt reduction efforts are also impressive. Management aims to reduce its debt by $ 15 billion by 2025. However, the current scenario of rising fuel costs does not bode well for the airline. improving air travel demand, the same is still lower than 2019 levels. Several late flight cancellations due to staff shortages and poor weather conditions are additional concerns. recorded in the fourth quarter of 2019. “

Other equity research analysts have also published research reports on the company. Morgan Stanley raised its price target on American Airlines Group from $ 21.00 to $ 23.00 and rated the stock “underweight” in a research report published on Tuesday, September 14. Citigroup lowered its price target on American Airlines Group from $ 21.50 to $ 20.50 and set the stock “neutral” rating in a research report published on Tuesday, October 26. Finally, the Goldman Sachs group downgraded American Airlines Group from a “neutral” rating to a “sell” rating and reduced its price target for the stock from $ 19.00 to $ 18.00 in a research report published Wednesday October 6. Four research analysts rated the stock with a sell rating, eight issued a conservation rating, and five gave the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $ 21.92.

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Actions of AAL open at $ 18.20 Wednesday. American Airlines Group has a 52-week low of $ 14.71 and a 52-week high of $ 26.09. The company’s fifty-day moving average is $ 19.08 and its 200-day moving average is $ 20.18. The company has a market cap of $ 11.78 billion, a price-to-earnings ratio of -3.30 and a beta of 1.66.

American Airlines Group (NASDAQ: AAL) last released its quarterly results on Wednesday, October 20. The airline reported ($ 0.99) earnings per share (EPS) for the quarter, beating Thomson Reuters consensus estimate ($ 1.04) by $ 0.05. The company posted revenue of $ 9 billion in the quarter, compared to a consensus estimate of $ 8.92 billion. In the same quarter of the previous year, the company posted EPS ($ 5.54). The company’s revenue for the quarter increased 183.6% year-over-year. On average, stock analysts expect American Airlines Group to post earnings per share of -8.65 for the current fiscal year.

Hedge funds have recently bought and sold stocks. Evolution Wealth Advisors LLC increased its stake in American Airlines Group by 71.4% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 1,200 shares of the airline valued at $ 25,000 after acquiring an additional 500 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in American Airlines Group by 86.1% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,351 shares of the airline valued at $ 29,000 after acquiring an additional 625 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in American Airlines Group by 200.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,500 shares of the airline valued at $ 32,000 after acquiring an additional 1,000 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in American Airlines Group during the 2nd quarter valued at $ 32,000. Finally, Capital Analysts LLC increased its stake in American Airlines Group by 50.0% during the second quarter. Capital Analysts LLC now owns 1,650 shares of the airline valued at $ 35,000 after acquiring an additional 550 shares in the last quarter. 53.23% of the shares are currently held by institutional investors and hedge funds.

American Airlines Group Company Profile

American Airlines Group, Inc. is a holding company that operates a network of carriers through its principal wholly-owned main operating subsidiary, American. The company offers air transport of passengers and freight. It operates in the following geographic areas: Department of Transportation Domestic; Latin American Department of Transport; Atlantic Department of Transportation; and Pacific Department of Transportation.

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Analyst Recommendations for American Airlines Group (NASDAQ: AAL)

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