Citigroup Has Lowered Expectations for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its target price decreased by research analysts at Citigroup from $21.50 to $20.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the airline’s stock. Citigroup’s target price points to a potential upside of 74.22% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Raymond James restated an “outperform” rating and set a $23.00 price objective (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.30.

American Airlines Group Stock Up 3.7 %

Shares of AAL opened at $11.48 on Tuesday. The stock has a market capitalization of $7.55 billion, a P/E ratio of 10.07, a PEG ratio of 0.21 and a beta of 1.27. The firm has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $14.45. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results 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%. Sell-side analysts expect that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Activity

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’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 in the company, 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. Company insiders own 0.49% of the company’s stock.

Institutional Trading of American Airlines Group

Several large investors have recently added to or reduced their stakes in AAL. Voloridge Investment Management LLC purchased a new stake in American Airlines Group during the 4th quarter valued at about $60,190,000. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after buying an additional 2,886,041 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of American Airlines Group in the fourth quarter worth about $42,693,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Airlines Group in the fourth quarter worth about $40,333,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of American Airlines Group in the fourth quarter worth about $35,141,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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.