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

American Airlines Group (NASDAQ:AAL) had its price target boosted by research analysts at Susquehanna from $14.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the airline’s stock. Susquehanna’s price objective indicates a potential upside of 13.44% from the stock’s current price.

A number of other brokerages also recently issued reports on AAL. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $25.00 in a report on Monday. Citigroup upped their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Raymond James raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Monday, December 30th. Barclays increased 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. Finally, Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.10.

American Airlines Group Stock Performance

Shares of AAL traded up $0.11 during trading hours on Tuesday, hitting $17.63. The stock had a trading volume of 4,990,775 shares, compared to its average volume of 19,617,813. The firm has a 50-day moving average price of $15.54 and a 200 day moving average price of $12.58. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 53.43, a PEG ratio of 0.29 and a beta of 1.35. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $13.50 billion. During the same period last year, the company earned $0.38 earnings per share. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts predict that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling

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 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 owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently made changes to their positions in AAL. 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 period. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at about $36,000. Point72 Hong Kong Ltd acquired a new position in American Airlines Group during the 3rd quarter worth approximately $55,000. KBC Group NV boosted its holdings 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 acquiring an additional 2,204 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of American Airlines Group by 44.3% during the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock worth $112,000 after acquiring an additional 3,047 shares during 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.