American Airlines Group (NASDAQ:AAL) Price Target Raised to $21.50 at Citigroup

American Airlines Group (NASDAQ:AAL) had its target price lifted by Citigroup to $21.50 in a report released on Wednesday,Stock Target Advisor reports. Citigroup currently has a buy rating on the airline’s stock.

AAL has been the topic of a number of other reports. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, December 5th. StockNews.com upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $23.00 price target (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Morgan Stanley boosted their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.62.

American Airlines Group Stock Up 5.5 %

Shares of NASDAQ:AAL opened at $14.09 on Wednesday. The company has a market cap of $9.27 billion, a PE ratio of 12.36, a P/E/G ratio of 0.21 and a beta of 1.27. The company’s 50-day moving average price is $16.72 and its 200 day moving average price is $14.35. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

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, beating the consensus estimate 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 Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s 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 transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the business’s 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 transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in American Airlines Group during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group lifted its stake in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Elequin Capital LP lifted its stake in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,182 shares during the last quarter. Bfsg LLC lifted its stake in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in American Airlines Group in the fourth quarter valued at approximately $42,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.