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

American Airlines Group (NASDAQ:AAL) had its price target lifted by research analysts at Citigroup from $16.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the airline’s stock. Citigroup’s target price points to a potential upside of 29.78% from the stock’s current price.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price objective on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. UBS Group lowered 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. TD Cowen increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.93.

American Airlines Group Price Performance

Shares of AAL stock opened at $14.64 on Tuesday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The stock has a market cap of $9.62 billion, a P/E ratio of 44.36, a P/E/G ratio of 0.27 and a beta of 1.39. The business has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $11.77.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter last year, the business posted $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 anticipate that American Airlines Group will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. UMB Bank n.a. raised its holdings in shares of American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after buying an additional 2,264 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at about $36,000. ORG Partners LLC purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at about $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of American Airlines Group during the 2nd quarter valued at about $43,000. 52.44% of the stock is currently 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.