Citigroup Boosts American Airlines Group (NASDAQ:AAL) Price Target to $21.50

American Airlines Group (NASDAQ:AAL) had its target price upped by research analysts at Citigroup to $21.50 in a research report issued on Wednesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the airline’s stock. Citigroup’s price target points to a potential upside of 62.26% from the company’s previous close.

A number of other equities analysts also recently commented on AAL. JPMorgan Chase & Co. reduced their target price on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $20.00 in a report on Monday, January 6th. Barclays upped their price objective on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, December 5th. Finally, Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.62.

American Airlines Group Trading Down 6.0 %

AAL stock opened at $13.25 on Wednesday. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.21 and a beta of 1.27. The firm has a 50-day moving average of $16.64 and a two-hundred day moving average of $14.34. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS 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%. As a group, equities analysts forecast that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated 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 owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated 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 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Avantax Advisory Services Inc. grew its stake in shares of American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock worth $257,000 after purchasing an additional 635 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock worth $2,332,000 after buying an additional 774 shares during the last quarter. M&T Bank Corp boosted its position in shares of American Airlines Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after acquiring an additional 794 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of American Airlines Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock worth $348,000 after acquiring an additional 981 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.