Susquehanna Cuts American Airlines Group (NASDAQ:AAL) Price Target to $18.00

American Airlines Group (NASDAQ:AAL) had its price objective reduced by Susquehanna from $20.00 to $18.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the airline’s stock.

Several other equities analysts have also issued reports on the company. Evercore ISI boosted their price target on American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Raymond James reissued an “outperform” rating and issued a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.88.

American Airlines Group Stock Performance

AAL opened at $17.06 on Tuesday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10. The business has a 50 day moving average price of $17.11 and a 200 day moving average price of $13.59. The firm has a market cap of $11.21 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, analysts anticipate that American Airlines Group will post 2.39 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in shares of American Airlines Group in the 4th quarter valued at $26,033,000. Point72 DIFC Ltd bought a new position in American Airlines Group during the third quarter worth about $16,490,000. Toronto Dominion Bank grew its position in shares of American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of American Airlines Group by 10,997.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after acquiring an additional 1,156,540 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after acquiring an additional 1,055,667 shares during 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.