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

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

Several other equities analysts also recently issued reports on AAL. Evercore ISI upped their target price on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Bank of America increased their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. UBS Group downgraded American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Tuesday. Jefferies Financial Group increased their price target on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $13.93.

American Airlines Group Stock Down 1.9 %

Shares of NASDAQ:AAL opened at $14.64 on Tuesday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 44.36, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The firm has a 50 day moving average of $12.71 and a 200 day moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that American Airlines Group will post 1.49 EPS for the current year.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in AAL. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of American Airlines Group in the third quarter valued at about $16,490,000. Toronto Dominion Bank raised its holdings in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after buying an additional 1,319,859 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after buying an additional 1,156,540 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other 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.