Morgan Stanley Downgrades American Airlines Group Inc to Equal-Weight with Price Target $44

Brokerage firm Morgan Stanley Downgrades its rating on American Airlines Group Inc(AAL). In a research note issued to the investors, the brokerage major Lowers the price-target to $44 per share. The shares have been rated Equal-Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Mar 22, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 6, 2017, Bernstein said it Upgrades its rating on American Airlines Group Inc. The shares have been rated ‘Market Perform’ by the firm.

American Airlines Group Inc (AAL) made into the market gainers list on Fridays trading session with the shares advancing 0.77% or 0.32 points. Due to strong positive momentum, the stock ended at $41.73, which is also near the day’s high of $42.065. The stock began the session at $41.69 and the volume stood at 65,96,629 shares. The 52-week high of the shares is $50.64 and the 52 week low is $24.85. The company has a current market capitalization of $21,038 M and it has 50,41,54,400 shares in outstanding.

American Airlines Group Inc(AAL) last announced its earnings results on Jan 27, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $9.789B. Analysts had an estimated revenue of $9.720B. Earnings per share were $1.48. Analysts had estimated an EPS of $0.9.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2017, Maya Leibman (EVP Chief Information Officer) sold 9,455 shares at $46.79 per share price.Also, On Feb 21, 2017, Andrew P Nocella (SVP Chief Marketing Officer) sold 492 shares at $47.50 per share price.On Feb 8, 2017, Ray M Robinson (director) sold 8,000 shares at $45.22 per share price, according to the Form-4 filing with the securities and exchange commission.

American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines Inc. (American) US Airways Group Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary include US Airways Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines Inc. (Piedmont) and PSA Airlines Inc. (PSA). AAG’s primary business activity includes the operation of two network carriers through its principal wholly-owned mainline operating subsidiaries: American and US Airways. The Company’s airlines operate an average of approximately 6700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte Chicago Dallas/Fort Worth (DFW) Los Angeles Miami New York Philadelphia Phoenix and Washington District of Columbia.

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