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

American Airlines Group (NASDAQ:AAL) had its price target 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.

Several other equities research analysts also recently weighed in on the company. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Bank of America boosted their price target on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Finally, TD Cowen boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.93.

American Airlines Group Price Performance

Shares of AAL stock opened at $14.52 on Tuesday. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The stock’s 50-day moving average is $12.99 and its 200 day moving average is $11.80. The company has a market cap of $9.54 billion, a P/E ratio of 44.00, a PEG ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. On average, analysts anticipate that American Airlines Group will post 1.49 EPS for the current year.

Institutional Trading of American Airlines Group

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of 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 valued at $359,000 after acquiring an additional 978 shares during the period. CWM LLC lifted its holdings in shares of American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after acquiring an additional 1,059 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of 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 during the period. Finally, B. Riley Wealth Advisors Inc. increased 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 valued at $284,000 after purchasing an additional 1,329 shares during the last quarter. 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.