Susquehanna Raises American Airlines Group (NASDAQ:AAL) Price Target to $12.00

American Airlines Group (NASDAQ:AAL) had its target price lifted by Susquehanna from $11.00 to $12.00 in a research report sent to investors on Wednesday, Benzinga reports. Susquehanna currently has a neutral rating on the airline’s stock.

Several other equities analysts also recently commented on AAL. JPMorgan Chase & Co. cut their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. TD Cowen lifted their price objective on American Airlines Group from $7.00 to $9.00 and gave the company a hold rating in a report on Thursday, October 3rd. Jefferies Financial Group upped their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a hold rating in a report on Wednesday, October 2nd. BNP Paribas raised shares of American Airlines Group to a hold rating in a report on Thursday, September 19th. Finally, TD Securities decreased their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $13.09.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $11.79 on Wednesday. The company’s fifty day moving average price is $10.67 and its two-hundred day moving average price is $11.89. The firm has a market capitalization of $7.74 billion, a PE ratio of -43.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Analysts predict that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of American Airlines Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after buying an additional 806,770 shares during the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after acquiring an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. Par Capital Management Inc. lifted its stake in shares of American Airlines Group by 0.4% in the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after purchasing an additional 10,600 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of American Airlines Group by 743.1% in the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after purchasing an additional 1,098,865 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

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.