Citigroup Forecasts Strong Price Appreciation for American Airlines Group (NASDAQ:AAL) Stock

American Airlines Group (NASDAQ:AAL) had its target price lifted by Citigroup from $16.00 to $19.00 in a report released on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the airline’s stock.

AAL has been the subject of several other research reports. Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $16.00 in a report on Thursday, November 14th. Susquehanna increased their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lifted 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.93.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $14.64 on Tuesday. The firm’s 50 day moving average is $12.92 and its two-hundred day moving average is $11.81. The firm has a market capitalization of $9.62 billion, a P/E ratio of 44.36, a PEG ratio of 0.27 and a beta of 1.39. 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 issued its quarterly earnings data 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 business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that American Airlines Group will post 1.49 EPS for the current year.

Institutional Trading of American Airlines Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after purchasing an additional 978 shares during the period. CWM LLC grew its position in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after purchasing an additional 1,059 shares in the last quarter. Sunbelt Securities Inc. grew its position 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 purchasing an additional 1,126 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of American Airlines Group by 7.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock valued at $284,000 after purchasing an additional 1,329 shares in the last quarter. Institutional investors and hedge funds 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.