Citigroup Raises American Airlines Group (NASDAQ:AAL) Price Target to $19.00

American Airlines Group (NASDAQ:AAL) had its price objective increased by Citigroup from $16.00 to $19.00 in a research note published on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the airline’s stock.

Other equities research analysts have also issued research reports about the company. Evercore ISI raised their target price on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. UBS Group cut shares of American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Tuesday. Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Finally, Susquehanna upped their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $13.93.

American Airlines Group Stock Performance

AAL stock opened at $14.52 on Tuesday. The company’s 50 day moving average price is $12.99 and its 200 day moving average price is $11.80. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 0.26 and a beta of 1.39. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping 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 company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that American Airlines Group will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of American Airlines Group by 4.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after purchasing an additional 978 shares during the period. CWM LLC grew its holdings in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after purchasing an additional 1,059 shares in the last quarter. Sunbelt Securities Inc. increased its stake in American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after buying an additional 1,126 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in American Airlines Group by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock worth $284,000 after buying an additional 1,329 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.