American Airlines Group (NASDAQ:AAL) Stock Price Expected to Rise, Citigroup Analyst Says

American Airlines Group (NASDAQ:AAL) had its target price raised by equities researchers at Citigroup from $19.00 to $23.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the airline’s stock. Citigroup’s target price indicates a potential upside of 35.93% from the stock’s current price.

Several other brokerages also recently weighed in on AAL. TD Cowen increased their price target on American Airlines Group from $10.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, December 6th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, Bank of America lifted their price objective 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.99.

American Airlines Group Trading Down 1.9 %

Shares of AAL opened at $16.92 on Thursday. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 0.29 and a beta of 1.41. The firm’s fifty day simple moving average is $14.06 and its 200-day simple moving average is $11.95. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.20.

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 analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, analysts predict that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently bought and sold shares of AAL. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after purchasing an additional 458,310 shares during the last quarter. U S Global Investors Inc. raised its holdings in American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares during the period. Dimensional Fund Advisors LP lifted its stake in American Airlines Group by 75.5% during 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 in the last quarter. Toronto Dominion Bank boosted 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 worth $18,743,000 after buying an additional 1,319,859 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. 52.44% of the stock is currently owned by 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.