Evercore ISI Issues Positive Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its target price upped by equities research analysts at Evercore ISI to $18.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the airline’s stock. Evercore ISI’s price target points to a potential upside of 2.27% from the company’s previous close.

A number of other brokerages have also issued reports on AAL. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Barclays upped their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Finally, UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

American Airlines Group Trading Down 0.5 %

Shares of NASDAQ AAL traded down $0.09 during mid-day trading on Thursday, reaching $17.60. The company had a trading volume of 23,082,950 shares, compared to its average volume of 24,648,467. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.20. The business’s 50-day moving average is $15.69 and its 200-day moving average is $12.66. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted 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 net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter last year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that American Airlines Group will post 1.62 earnings per share 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 that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the period. Sentry Investment Management LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $36,000. Point72 Hong Kong Ltd purchased a new stake in American Airlines Group in the 3rd quarter valued at $55,000. KBC Group NV boosted its stake in American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares during the period. Finally, GAMMA Investing LLC increased its stake in 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 purchasing an additional 3,047 shares during the period. Hedge funds and other institutional investors 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.