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

American Airlines Group (NASDAQ:AAL) had its price target raised by investment analysts at Susquehanna from $14.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the airline’s stock. Susquehanna’s price objective indicates a potential upside of 13.64% from the stock’s current price.

AAL has been the topic of a number of other reports. Citigroup boosted their target price on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a report on Monday, December 30th. Barclays boosted their target price on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.10.

American Airlines Group Stock Performance

NASDAQ AAL opened at $17.60 on Tuesday. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 0.29 and a beta of 1.35. The stock’s 50 day moving average price is $15.62 and its two-hundred day moving average price is $12.63. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.20.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that American Airlines Group will post 1.62 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of American Airlines Group

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. Sentry Investment Management LLC bought a new position in American Airlines Group in the second quarter valued at about $36,000. Point72 Hong Kong Ltd bought a new position in American Airlines Group in the third quarter valued at about $55,000. KBC Group NV raised its position in 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 during the last quarter. Finally, GAMMA Investing LLC increased its stake 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 buying an additional 3,047 shares during the period. 52.44% of the stock is currently owned by institutional investors.

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.