American Airlines Group (NASDAQ:AAL) Given New $20.00 Price Target at Citigroup

American Airlines Group (NASDAQ:AAL) had its price target reduced by Citigroup from $21.50 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the airline’s stock. Citigroup’s target price would suggest a potential upside of 79.57% from the stock’s current price.

Several other brokerages have also commented on AAL. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. StockNews.com lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, February 26th. Susquehanna dropped their price target on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Morgan Stanley raised their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.30.

American Airlines Group Trading Down 1.6 %

AAL traded down $0.18 on Tuesday, hitting $11.14. 7,450,864 shares of the company’s stock were exchanged, compared to its average volume of 42,869,434. The firm has a market cap of $7.32 billion, a PE ratio of 9.77, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10. The stock has a fifty day moving average of $15.83 and a two-hundred day moving average of $14.46.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping 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%. On average, analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On American Airlines Group

Several hedge funds have recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new stake in shares of American Airlines Group in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group lifted its position in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares in the last quarter. Elequin Capital LP lifted its position in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after buying an additional 1,182 shares in the last quarter. Bfsg LLC lifted its position in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after buying an additional 1,500 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in American Airlines Group in the 4th quarter worth approximately $42,000. Hedge funds and other 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.