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

American Airlines Group (NASDAQ:AAL) had its target price decreased by Citigroup from $21.50 to $20.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the airline’s stock. Citigroup’s price target would indicate a potential upside of 74.22% from the company’s current price.

A number of other equities analysts have also recently weighed in on AAL. Evercore ISI upped their price target on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, January 6th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $20.00 in a report on Monday, January 6th. StockNews.com cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and an average price target of $19.30.

American Airlines Group Trading Up 3.7 %

NASDAQ AAL opened at $11.48 on Tuesday. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10. The stock has a 50-day moving average of $15.57 and a 200 day moving average of $14.45.

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, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Equities analysts predict that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the fourth quarter worth $25,000. Brooklyn Investment Group raised its stake in shares of 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 in the last quarter. Elequin Capital LP raised its stake in shares of 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 in the last quarter. Bfsg LLC raised its stake in shares of 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 in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $42,000. 52.44% of the stock is currently 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.