Susquehanna Issues Pessimistic Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price target lowered by equities research analysts at Susquehanna from $18.00 to $10.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the airline’s stock. Susquehanna’s target price would indicate a potential upside of 10.25% from the company’s current price.

A number of other analysts have also issued reports on AAL. Citigroup lowered their price target on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, February 26th. Evercore ISI increased their target price on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Bank of America reduced their price target on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned 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.com, American Airlines Group presently has an average rating of “Moderate Buy” and an average price target of $16.95.

American Airlines Group Stock Down 6.6 %

AAL opened at $9.07 on Monday. The business has a fifty day moving average of $13.37 and a 200 day moving average of $14.41. The stock has a market cap of $5.96 billion, a P/E ratio of 7.96, a PEG 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.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities analysts anticipate that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction on Monday, January 27th. The shares were 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. The trade was a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new stake in American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group grew its stake in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Elequin Capital LP increased its holdings in shares of American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after purchasing an additional 1,182 shares in the last quarter. Bfsg LLC increased its holdings in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in shares of American Airlines Group in the 4th quarter valued at $42,000. 52.44% of the stock is owned by institutional investors and hedge funds.

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.