Susquehanna Forecasts Strong Price Appreciation for American Airlines Group (NASDAQ:AAL) Stock

American Airlines Group (NASDAQ:AAL) had its price objective lifted by Susquehanna from $14.00 to $20.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the airline’s stock.

Several other brokerages have also issued reports on AAL. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday. One equities research 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

American Airlines Group Trading Down 0.5 %

AAL opened at $17.60 on Tuesday. The company 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. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.20. The business’s fifty day simple moving average is $15.69 and its 200-day simple moving average is $12.66.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. On average, equities research analysts predict that American Airlines Group will post 1.62 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings 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 acquiring an additional 911 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after purchasing an additional 1,126 shares during the period. American Century Companies Inc. boosted its holdings in American Airlines Group by 2.8% during the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock worth $614,000 after buying an additional 1,468 shares in the last quarter. Coastwise Capital Group LLC grew its position in American Airlines Group by 5.3% during the third quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock valued at $425,000 after buying an additional 1,900 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in American Airlines Group by 20.2% in the third quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after buying an additional 2,128 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.