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

American Airlines Group (NASDAQ:AAL) had its price objective boosted by Evercore ISI to $18.00 in a research note published on Thursday morning,Stock Target Advisor reports. They currently have a hold rating on the airline’s stock.

A number of other equities analysts have also weighed in on the stock. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the company from $17.00 to $25.00 in a report on Monday. Finally, Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and an average target price of $18.42.

American Airlines Group Stock Performance

Shares of AAL opened at $17.60 on Thursday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The stock has a fifty day moving average of $15.78 and a two-hundred day moving average of $12.70. The company has a market capitalization 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 (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In other American Airlines Group news, 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 transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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

A number of institutional investors have recently modified their holdings of the business. Primecap Management Co. CA boosted its stake in American Airlines Group by 0.8% in the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after acquiring an additional 458,310 shares during the period. U S Global Investors Inc. grew its stake in 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 worth $102,151,000 after buying an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the period. Toronto Dominion Bank lifted its stake in American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after buying an additional 1,319,859 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of 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 worth $17,084,000 after acquiring an additional 787,671 shares during 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.