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

American Airlines Group (NASDAQ:AAL) had its price target upped by equities researchers at Susquehanna from $14.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the airline’s stock. Susquehanna’s price target suggests a potential upside of 13.64% from the company’s previous close.

A number of other analysts have also commented on AAL. Bank of America upped their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $18.10.

American Airlines Group Stock Down 0.5 %

AAL stock opened at $17.60 on Tuesday. The firm’s 50-day simple moving average is $15.62 and its 200 day simple moving average is $12.63. The stock has a market cap of $11.57 billion, a PE ratio of 53.33, a price-to-earnings-growth 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 announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities analysts forecast that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of American Airlines Group during the 2nd quarter valued at about $36,000. Point72 Hong Kong Ltd bought a new position in shares of American Airlines Group during the 3rd quarter valued at about $55,000. KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of American Airlines Group by 44.3% during the 3rd 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 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.