American Airlines Group (NASDAQ:AAL) Price Target Raised to $18.00

American Airlines Group (NASDAQ:AAL - Get Free Report) had its target price increased by equities research analysts at Evercore ISI to $18.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm presently has a "hold" rating on the airline's stock. Evercore ISI's price objective would indicate a potential upside of 2.27% from the company's current price.

Several other analysts have also recently commented on the stock. Melius Research upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. TD Cowen upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $17.00 to $25.00 in a research report on Monday. Sanford C. Bernstein upgraded shares of American Airlines Group from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. Citigroup increased their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, UBS Group raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.42.

American Airlines Group Trading Down 0.5 %

NASDAQ AAL traded down $0.09 during trading hours on Thursday, hitting $17.60. 23,082,950 shares of the company's stock traded hands, compared to its average volume of 24,648,467. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.20. The firm has a market capitalization of $11.57 billion, a P/E ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35. The business's fifty day moving average price is $15.69 and its two-hundred day moving average price is $12.66.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares of the company's stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently modified their holdings of AAL. Primecap Management Co. CA raised its position in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline's stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock worth $48,047,000 after buying an additional 1,823,928 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of American Airlines Group in the third quarter worth $16,490,000. Toronto Dominion Bank lifted its position in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock valued at $18,743,000 after acquiring an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline's stock valued at $13,118,000 after acquiring an additional 1,156,540 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

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.