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 on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the airline’s stock. Citigroup’s price objective would indicate a potential upside of 79.57% from the company’s current price.

A number of other research analysts also recently weighed in on AAL. TD Cowen raised their price target on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. 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. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, January 6th. Finally, Susquehanna lowered their target price 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. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.30.

American Airlines Group Stock Performance

Shares of American Airlines Group stock traded down $0.18 during midday trading on Tuesday, reaching $11.14. 7,450,864 shares of the company’s stock traded hands, compared to its average volume of 42,869,434. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The company’s 50 day simple moving average is $15.83 and its 200 day simple moving average is $14.46. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts predict that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of American Airlines Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock valued at $1,097,838,000 after purchasing an additional 953,766 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Northern Trust Corp grew its holdings in shares of American Airlines Group by 22.0% during the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock valued at $94,783,000 after purchasing an additional 980,409 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock valued at $92,043,000 after purchasing an additional 943,336 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of American Airlines Group during the 4th quarter valued at approximately $60,190,000. 52.44% of the stock is owned by 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.