American Airlines Group (NASDAQ:AAL) Price Target Raised to $20.00

by · The Markets Daily

American Airlines Group (NASDAQ:AAL – Free Report) had its price objective boosted by Susquehanna from $14.00 to $20.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the airline’s stock.

A number of other research firms have also weighed in on AAL. Bank of America raised their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a report on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

Get Our Latest Research Report on AAL

American Airlines Group Stock Down 0.5 %

NASDAQ:AAL opened at $17.60 on Tuesday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20. The stock has a market cap of $11.57 billion, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35. The firm’s fifty day simple moving average is $15.69 and its 200 day simple moving average is $12.66.

American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, October 24th. The airline reported $0.30 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 analysts’ expectations of $13.50 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insider Activity at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were 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 directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted 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 during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group during the second quarter valued at $36,000. Point72 Hong Kong Ltd bought a new position in shares of American Airlines Group in the third quarter worth about $55,000. KBC Group NV increased its stake in American Airlines Group by 55.8% in the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after buying an additional 2,204 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in American Airlines Group by 44.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after buying an additional 3,047 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

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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