Citigroup Issues Positive Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its target price upped by Citigroup to $21.50 in a research note issued to investors on Wednesday morning,Stock Target Advisor reports. They currently have a buy rating on the airline’s stock.

A number of other analysts have also recently weighed in on the stock. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research note on Friday, January 17th. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.62.

American Airlines Group Stock Up 5.5 %

NASDAQ AAL opened at $14.09 on Wednesday. The company has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $14.35. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $19.10. The stock has a market capitalization of $9.27 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

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

Insider Buying and Selling at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following 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 represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. 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 large investors have recently made changes to their positions in the company. Voloridge Investment Management LLC bought a new stake in American Airlines Group during the 4th quarter worth about $60,190,000. Primecap Management Co. CA grew its holdings in 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 worth $1,049,734,000 after acquiring an additional 2,886,041 shares during the last quarter. Two Sigma Advisers LP bought a new stake in American Airlines Group during the 4th quarter worth about $42,693,000. Arrowstreet Capital Limited Partnership bought a new stake in American Airlines Group during the 4th quarter worth about $40,333,000. Finally, Alyeska Investment Group L.P. bought a new stake in American Airlines Group during the 4th quarter worth about $35,141,000. Institutional investors 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.