Citigroup Cuts American Airlines Group (NASDAQ:AAL) Price Target to $20.00

American Airlines Group (NASDAQ:AAL) had its target price reduced by Citigroup from $21.50 to $20.00 in a research report released on Tuesday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the airline’s stock.

AAL has been the subject of several other reports. Scotiabank upgraded 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. Raymond James restated an “outperform” rating and issued a $23.00 target price (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Evercore ISI raised their target price on American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. Susquehanna reduced their target price on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Bank of America cut their price target on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and an average target price of $19.30.

American Airlines Group Trading Down 1.9 %

AAL stock opened at $11.26 on Tuesday. The stock has a 50-day moving average price of $15.45 and a 200-day moving average price of $14.42. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10. The firm has a market cap of $7.40 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating 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%. On average, analysts forecast that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds have recently modified their holdings of AAL. Victory Capital Management Inc. raised its holdings in shares of American Airlines Group by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 112,939 shares of the airline’s stock worth $1,269,000 after purchasing an additional 7,642 shares during the period. Oppenheimer & Co. Inc. bought a new stake in American Airlines Group during the 3rd quarter valued at $122,000. KBC Group NV raised its holdings in American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after acquiring an additional 2,204 shares during the period. Natixis Advisors LLC bought a new stake in American Airlines Group during the 3rd quarter valued at $365,000. Finally, Mutual of America Capital Management LLC raised its holdings in American Airlines Group by 328.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 354,915 shares of the airline’s stock valued at $3,989,000 after acquiring an additional 272,143 shares during the period. 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.