American Airlines Group (NASDAQ:AAL – Get Free Report) had its price target upped by Susquehanna from $14.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the airline’s stock. Susquehanna’s price objective would indicate a potential upside of 13.44% from the company’s current price.
Several other brokerages also recently commented on AAL. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their price target for the company from $17.00 to $25.00 in a research report on Monday. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday. Finally, Citigroup upped their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.10.
Check Out Our Latest Report on AAL
American Airlines Group Trading Up 0.6 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that American Airlines Group will post 1.62 earnings per share for the current year.
Insider Transactions at American Airlines Group
In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On American Airlines Group
Several hedge funds and other institutional investors have recently made changes to their positions in AAL. Austin Private Wealth LLC bought a new stake in shares of American Airlines Group during the third quarter worth $723,000. Maverick Capital Ltd. increased its holdings in American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after purchasing an additional 94,573 shares in the last quarter. Sei Investments Co. raised its position in American Airlines Group by 14.7% in the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after purchasing an additional 153,515 shares during the last quarter. U S Global Investors Inc. boosted its stake in shares of American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares in the last quarter. Finally, Centiva Capital LP grew its holdings in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after purchasing an additional 99,513 shares during the last quarter. 52.44% of the stock is owned by institutional investors.
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.
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