American Airlines Group (NASDAQ:AAL - Get Free Report) had its price target increased by research analysts at Susquehanna from $14.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the airline's stock. Susquehanna's target price suggests a potential upside of 13.06% from the company's current price.
AAL has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, October 25th. BNP Paribas upgraded American Airlines Group to a "hold" rating in a report on Thursday, September 19th. Raymond James upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and set a $24.00 price target for the company in a research report on Monday, December 30th. Jefferies Financial Group upgraded American Airlines Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $12.00 to $20.00 in a research report on Monday. Finally, Barclays upped their target price on American Airlines Group from $16.00 to $18.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.10.
View Our Latest Stock Report on AAL
American Airlines Group Price Performance
Shares of NASDAQ:AAL traded up $0.17 during trading on Tuesday, reaching $17.69. 25,445,652 shares of the company were exchanged, compared to its average volume of 25,028,111. The firm has a market capitalization of $11.62 billion, a PE ratio of 53.61, a P/E/G ratio of 0.29 and a beta of 1.35. The business's fifty day simple moving average is $15.54 and its 200-day simple moving average is $12.58. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.20.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the company posted $0.38 earnings per share. American Airlines Group's revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that American Airlines Group will post 1.62 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares of the company's stock, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.49% of the company's stock.
Institutional Investors Weigh In On American Airlines Group
Several hedge funds have recently modified their holdings of AAL. Blue Trust Inc. boosted its stake in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in American Airlines Group in the 2nd quarter valued at about $36,000. Point72 Hong Kong Ltd purchased a new position in American Airlines Group during the 3rd quarter valued at about $55,000. KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline's stock valued at $69,000 after purchasing an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of American Airlines Group by 44.3% in the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline's stock valued at $112,000 after purchasing an additional 3,047 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.
About American Airlines Group
(
Get Free Report)
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.
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