Susquehanna Lowers American Airlines Group (NASDAQ:AAL) Price Target to $19.00

American Airlines Group (NASDAQ:AALGet Free Report) had its price objective lowered by equities researchers at Susquehanna from $20.00 to $19.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the airline’s stock. Susquehanna’s target price would indicate a potential upside of 9.07% from the company’s previous close.

Several other research firms have also commented on AAL. JPMorgan Chase & Co. upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $26.00 to $29.00 in a research report on Monday, May 8th. Citigroup increased their price objective on shares of American Airlines Group from $15.50 to $17.00 and gave the company a “neutral” rating in a report on Monday, June 5th. Royal Bank of Canada raised shares of American Airlines Group to an “outperform” rating in a report on Tuesday, June 6th. Morgan Stanley increased their price objective on shares of American Airlines Group from $19.00 to $20.00 in a report on Friday, April 28th. Finally, StockNews.com began coverage on shares of American Airlines Group in a report on Thursday, May 18th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.93.

American Airlines Group Price Performance

NASDAQ:AAL opened at $17.42 on Friday. The firm has a market capitalization of $11.37 billion, a P/E ratio of 6.89 and a beta of 1.56. American Airlines Group has a 1-year low of $11.65 and a 1-year high of $19.08. The company’s fifty day moving average price is $16.35 and its 200-day moving average price is $15.49.

American Airlines Group (NASDAQ:AALGet Free Report) last released its quarterly earnings data on Thursday, July 20th. The airline reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.74 billion. American Airlines Group had a net margin of 3.39% and a negative return on equity of 26.84%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities analysts anticipate that American Airlines Group will post 3.03 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, Director Douglas M. Steenland sold 1,950 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $14.10, for a total value of $27,495.00. Following the transaction, the director now directly owns 29,736 shares in the company, valued at approximately $419,277.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other American Airlines Group news, Director Douglas M. Steenland sold 1,950 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $14.10, for a total value of $27,495.00. Following the transaction, the director now directly owns 29,736 shares in the company, valued at approximately $419,277.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas M. Steenland sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $13.88, for a total transaction of $27,760.00. Following the completion of the sale, the director now directly owns 31,686 shares in the company, valued at $439,801.68. The disclosure for this sale can be found here. Insiders have sold 25,934 shares of company stock worth $358,414 in the last ninety days. 0.78% of the stock is owned by insiders.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in AAL. Newbridge Financial Services Group Inc. increased its stake in American Airlines Group by 33.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 7,973 shares of the airline’s stock worth $143,000 after buying an additional 1,990 shares during the period. Allred Capital Management LLC increased its stake in American Airlines Group by 9.3% during the 2nd quarter. Allred Capital Management LLC now owns 12,900 shares of the airline’s stock worth $231,000 after buying an additional 1,100 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in American Airlines Group by 98,063.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,300,495 shares of the airline’s stock worth $1,727,631,000 after buying an additional 96,202,393 shares during the period. Salem Investment Counselors Inc. increased its stake in American Airlines Group by 7,692.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,026 shares of the airline’s stock worth $36,000 after buying an additional 2,000 shares during the period. Finally, Douglas Lane & Associates LLC increased its stake in American Airlines Group by 3.8% during the 2nd quarter. Douglas Lane & Associates LLC now owns 318,610 shares of the airline’s stock worth $5,716,000 after buying an additional 11,790 shares during the period. 57.06% of the stock is owned by hedge funds and other institutional investors.

About American Airlines Group

(Get Free Report)

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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Article source: https://airlines.einnews.com/article/645901604/Ahtr7722jkbRy4kF?ref=rss&ecode=vaZAu9rk30b8KC5H

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