American Airlines Group (NASDAQ:AAL) Given New $18.00 Price Target at Evercore ISI

American Airlines Group (NASDAQ:AALGet Free Report) had its price objective raised by equities researchers at Evercore ISI to $18.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the airline’s stock. Evercore ISI’s target price indicates a potential upside of 2.27% from the stock’s previous close.

AAL has been the subject of several other research reports. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Melius raised 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. Bank of America raised their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, Barclays boosted their target price on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.42.

Read Our Latest Research Report on American Airlines Group

American Airlines Group Trading Down 0.5 %

Shares of NASDAQ:AAL traded down $0.09 during mid-day trading on Thursday, reaching $17.60. The stock had a trading volume of 23,082,950 shares, compared to its average volume of 24,648,467. The firm has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $12.66. The firm has a market cap of $11.57 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20.

American Airlines Group (NASDAQ:AALGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the business earned $0.38 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that American Airlines Group will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA grew its position in American Airlines Group by 0.8% in the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after purchasing an additional 458,310 shares during the period. U S Global Investors Inc. grew its stake in shares of American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares during the period. Dimensional Fund Advisors LP increased 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 purchasing an additional 1,823,928 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after purchasing an additional 1,319,859 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of American Airlines Group by 107.6% in the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after buying an additional 787,671 shares during the last quarter. 52.44% 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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