American Airlines Group (NASDAQ:AAL) Price Target Cut to $18.00 by Analysts at Susquehanna

American Airlines Group (NASDAQ:AAL) had its price target cut by equities research analysts at Susquehanna from $20.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the airline’s stock. Susquehanna’s target price would indicate a potential upside of 6.13% from the company’s previous close.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. Bank of America upgraded American Airlines Group from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $20.00 in a report on Friday, January 17th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.88.

American Airlines Group Stock Up 0.7 %

Shares of American Airlines Group stock opened at $16.96 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 $11.14 billion, a PE ratio of 14.88, a P/E/G ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping 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%. On average, sell-side analysts expect that American Airlines Group will post 2.39 EPS for the current year.

Insider Transactions at American Airlines Group

In other 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The shares were 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 owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. 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 bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group grew its holdings in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the last quarter. Bfsg LLC grew its holdings in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after buying an additional 1,500 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after buying an additional 1,264 shares during 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.