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

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

AAL has been the topic of a number of other reports. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, December 5th. Citigroup raised their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Finally, Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.88.

American Airlines Group Stock Performance

Shares of AAL opened at $17.06 on Tuesday. The stock has a 50 day simple moving average of $17.11 and a 200 day simple moving average of $13.59. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $19.10. The firm has a market capitalization of $11.21 billion, a PE ratio of 14.97, a P/E/G ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last released its quarterly 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 net margin of 1.56% and a negative return on equity of 28.56%. Equities research analysts predict that American Airlines Group will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its position in American Airlines Group by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock worth $2,332,000 after buying an additional 774 shares in the last quarter. M&T Bank Corp grew its holdings in shares of American Airlines Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after purchasing an additional 794 shares in the last quarter. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. increased its position in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. Finally, CIBC Asset Management Inc raised its stake in American Airlines Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after purchasing an additional 981 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

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.