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

American Airlines Group (NASDAQ:AAL) had its target price increased by equities research analysts at Citigroup to $21.50 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the airline’s stock. Citigroup’s price target suggests a potential upside of 54.75% from the company’s previous close.

Several other research firms also recently commented on AAL. Susquehanna decreased their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.62.

American Airlines Group Stock Up 4.1 %

NASDAQ:AAL traded up $0.54 during trading hours on Wednesday, reaching $13.89. The company had a trading volume of 6,253,199 shares, compared to its average volume of 35,122,703. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $19.10. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.21 and a beta of 1.35. The business’s 50-day simple moving average is $16.79 and its two-hundred day simple moving average is $14.35.

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%. As a group, equities analysts predict that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

In other American Airlines Group news, 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group in the fourth quarter worth $25,000. Brooklyn Investment Group lifted its holdings in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares in the last quarter. Elequin Capital LP boosted its stake in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after purchasing an additional 1,182 shares during the period. Bfsg LLC boosted its stake in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new position in American Airlines Group during the 4th quarter valued at about $42,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.