American Airlines Group (NASDAQ:AAL) Price Target Cut to $20.00 by Analysts at Citigroup

American Airlines Group (NASDAQ:AAL) had its target price cut by Citigroup from $21.50 to $20.00 in a research note published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the airline’s stock.

Several other equities research analysts also recently weighed in on AAL. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, January 6th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Bank of America lowered their price objective on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Seven investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.30.

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $11.07 on Tuesday. The stock’s 50-day moving average is $15.70 and its two-hundred day moving average is $14.47. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 research analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred 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 directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade 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 owned by insiders.

Hedge Funds Weigh In On American Airlines Group

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in American Airlines Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock worth $1,097,838,000 after buying an additional 953,766 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Northern Trust Corp boosted its holdings in American Airlines Group by 22.0% in the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock valued at $94,783,000 after acquiring an additional 980,409 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Airlines Group by 21.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock valued at $92,043,000 after acquiring an additional 943,336 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in American Airlines Group in the fourth quarter valued at about $60,190,000. 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.