American Airlines Group (NASDAQ:AAL) Price Target Raised to $18.00 at Evercore ISI

by · The Markets Daily

American Airlines Group (NASDAQ:AAL – Free Report) had its target price boosted by Evercore ISI to $18.00 in a research note issued to investors on Thursday,Stock Target Advisor reports. Evercore ISI currently has a hold rating on the airline’s stock.

A number of other brokerages have also issued reports on AAL. Morgan Stanley increased their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday. Citigroup lifted their price objective 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. Finally, Susquehanna increased their target price on shares of American Airlines Group from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

Get Our Latest Analysis on American Airlines Group

American Airlines Group Stock Performance

NASDAQ:AAL opened at $17.60 on Thursday. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $18.20. The business has a fifty day moving average of $15.78 and a 200-day moving average of $12.70. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. On average, equities research analysts predict that American Airlines Group will post 1.62 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently added to or reduced their stakes in the company. Strathmore Capital Advisors Inc. bought a new stake in American Airlines Group in the fourth quarter worth approximately $351,000. Everence Capital Management Inc. acquired a new position in American Airlines Group during the fourth quarter worth $409,000. Principal Financial Group Inc. raised its holdings in American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after buying an additional 787,671 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of American Airlines Group by 451.2% in the third quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline’s stock worth $8,967,000 after buying an additional 653,012 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of American Airlines Group by 63.1% during the 3rd quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock valued at $745,000 after acquiring an additional 25,637 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Company Profile

(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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