American Airlines Group (NASDAQ:AAL) Given New $10.00 Price Target at Susquehanna

American Airlines Group (NASDAQ:AAL) had its price objective cut by Susquehanna from $18.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the airline’s stock. Susquehanna’s price objective points to a potential upside of 10.25% from the company’s current price.

Several other equities research analysts have also commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Raymond James decreased their price objective on American Airlines Group from $23.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Barclays lowered their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Finally, Morgan Stanley increased their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.95.

American Airlines Group Price Performance

American Airlines Group stock opened at $9.07 on Monday. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10. The stock has a market capitalization of $5.96 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The business has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $14.41.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently bought and sold shares of AAL. Avantax Advisory Services Inc. lifted its position in shares of American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock worth $257,000 after purchasing an additional 635 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock worth $2,332,000 after buying an additional 774 shares in the last quarter. M&T Bank Corp grew its stake in shares of American Airlines Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after acquiring an additional 794 shares in the last quarter. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of American Airlines Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after acquiring an additional 981 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

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.