American Airlines Group (NASDAQ:AAL - Free Report) had its price objective trimmed by Susquehanna from $18.00 to $10.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the airline's stock.
Other research analysts also recently issued reports about the company. Morgan Stanley upped their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. StockNews.com cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Evercore ISI upped their target price on shares of American Airlines Group to $18.00 and gave the stock a "hold" rating in a research report on Thursday, January 9th. Finally, UBS Group raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, American Airlines Group has a consensus rating of "Moderate Buy" and an average price target of $16.95.
Check Out Our Latest Analysis on AAL
American Airlines Group Stock Up 1.7 %
AAL stock traded up $0.16 during trading on Monday, hitting $9.67. 53,179,183 shares of the company's stock traded hands, compared to its average volume of 37,537,917. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. American Airlines Group has a 52 week low of $8.50 and a 52 week high of $19.10. The stock has a fifty day moving average price of $12.85 and a two-hundred day moving average price of $14.36.
American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, equities research analysts expect that American Airlines Group will post 2.42 EPS for the current fiscal year.
Insider Transactions at American Airlines Group
In other news, SVP Angela Owens sold 51,906 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company's stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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. Merit Financial Group LLC purchased a new stake in shares of American Airlines Group in the 1st quarter valued at approximately $226,000. GAMMA Investing LLC boosted its stake in shares of American Airlines Group by 1,184.6% during the 1st quarter. GAMMA Investing LLC now owns 133,985 shares of the airline's stock valued at $1,414,000 after buying an additional 123,555 shares during the period. 111 Capital purchased a new position in shares of American Airlines Group during the 4th quarter valued at $1,037,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of American Airlines Group by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline's stock worth $897,000 after acquiring an additional 5,152 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of American Airlines Group during the fourth quarter worth $42,000. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Company Profile
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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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