American Airlines Group (NASDAQ:AAL) Price Target Increased to $12.00 by Analysts at Susquehanna

American Airlines Group (NASDAQ:AAL) had its price target hoisted by analysts at Susquehanna from $11.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the airline’s stock. Susquehanna’s price objective points to a potential downside of 0.58% from the stock’s previous close.

A number of other research firms have also recently commented on AAL. Barclays lowered their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. TD Securities dropped their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Jefferies Financial Group boosted their price objective on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.09.

American Airlines Group Stock Performance

AAL traded up $0.15 during midday trading on Wednesday, reaching $12.07. 5,706,545 shares of the company were exchanged, compared to its average volume of 34,783,059. The stock has a market capitalization of $7.92 billion, a P/E ratio of 20.12, a PEG ratio of 0.27 and a beta of 1.43. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The stock’s 50-day simple moving average is $10.57 and its 200 day simple moving average is $11.94.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The business had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. On average, research analysts anticipate that American Airlines Group will post 1.07 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Appian Way Asset Management LP bought a new position in shares of American Airlines Group in the 4th quarter valued at about $1,991,000. Cantor Fitzgerald L. P. grew its stake in American Airlines Group by 78.5% in the fourth quarter. Cantor Fitzgerald L. P. now owns 38,550 shares of the airline’s stock valued at $530,000 after purchasing an additional 16,950 shares in the last quarter. Par Capital Management Inc. grew its stake in American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after purchasing an additional 10,600 shares in the last quarter. Quarry LP acquired a new position in shares of American Airlines Group during the 4th quarter worth approximately $34,000. Finally, Virtu Financial LLC raised its stake in shares of American Airlines Group by 529.8% during the 4th quarter. Virtu Financial LLC now owns 80,330 shares of the airline’s stock worth $1,104,000 after purchasing an additional 67,576 shares in the last quarter. 52.44% of the stock is currently 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.