BNP Paribas Downgrades American Airlines Group (NASDAQ:AAL) to Neutral

American Airlines Group (NASDAQ:AAL) was downgraded by investment analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat.com reports. They currently have a $12.00 price objective on the airline’s stock. BNP Paribas’ price objective would indicate a potential upside of 1.69% from the company’s previous close.

A number of other equities analysts have also weighed in on AAL. Jefferies Financial Group reduced their price objective on American Airlines Group from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, September 29th. Redburn Partners lowered American Airlines Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th. TheStreet upgraded American Airlines Group from a “d+” rating to a “c” rating in a research note on Thursday, July 20th. Sanford C. Bernstein cut their price target on American Airlines Group from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, September 26th. Finally, TD Cowen cut their price target on American Airlines Group from $16.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $17.64.

American Airlines Group Stock Performance

Shares of AAL opened at $11.80 on Friday. The stock has a 50-day moving average of $12.44 and a two-hundred day moving average of $14.60. American Airlines Group has a one year low of $10.86 and a one year high of $19.08. The stock has a market cap of $7.71 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.09 and a beta of 1.58.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 19th. The airline reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. American Airlines Group had a negative return on equity of 47.30% and a net margin of 3.04%. The company had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $13.51 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Analysts predict that American Airlines Group will post 2.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AAL. Deutsche Bank AG raised its position in American Airlines Group by 78.7% in the third quarter. Deutsche Bank AG now owns 1,050,918 shares of the airline’s stock valued at $13,462,000 after purchasing an additional 462,774 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in American Airlines Group by 15.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 131,370 shares of the airline’s stock valued at $1,683,000 after purchasing an additional 17,509 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in American Airlines Group in the third quarter valued at approximately $59,411,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of American Airlines Group by 27.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,620 shares of the airline’s stock worth $443,000 after acquiring an additional 7,362 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of American Airlines Group by 8.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 169,153 shares of the airline’s stock worth $2,167,000 after acquiring an additional 13,326 shares during the period. 58.50% of the stock is currently owned by institutional investors and hedge funds.

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.