American Airlines Group (NASDAQ:AAL) Given New $19.00 Price Target at Citigroup

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

AAL has been the topic of several other research reports. UBS Group downgraded 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 research note on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. 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. Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $10.00 to $16.00 in a research note on Thursday, November 14th. Finally, Evercore ISI increased their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.93.

American Airlines Group Trading Down 1.9 %

Shares of AAL opened at $14.64 on Tuesday. The firm’s 50-day moving average is $12.71 and its two-hundred day moving average is $11.76. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The firm has a market capitalization of $9.62 billion, a P/E ratio of 44.36, a PEG ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’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.

Hedge Funds Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in American Airlines Group by 63.1% in the third quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock valued at $745,000 after purchasing an additional 25,637 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in American Airlines Group by 162.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 140,255 shares of the airline’s stock valued at $1,576,000 after acquiring an additional 86,847 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of American Airlines Group during the third quarter worth approximately $5,463,000. Finally, EP Wealth Advisors LLC grew its stake in American Airlines Group by 8.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 28,994 shares of the airline’s stock valued at $326,000 after purchasing an additional 2,286 shares during the period. 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.