American Airlines Group (NASDAQ:AAL) Price Target Raised to $23.00

American Airlines Group (NASDAQ:AAL) had its target price boosted by equities researchers at Citigroup from $19.00 to $23.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the airline’s stock. Citigroup’s price target points to a potential upside of 31.88% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on AAL. Susquehanna boosted their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, December 5th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $14.00 to $24.00 in a research report on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and a consensus price target of $15.99.

American Airlines Group Stock Performance

Shares of AAL stock traded down $0.14 during trading hours on Thursday, hitting $17.44. The company had a trading volume of 5,942,375 shares, compared to its average volume of 33,761,359. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 52.97, a PEG ratio of 0.30 and a beta of 1.41. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20. The firm’s fifty day moving average is $13.83 and its 200 day moving average is $11.89.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that American Airlines Group will post 1.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Austin Private Wealth LLC purchased a new position in shares of American Airlines Group in the third quarter valued at $723,000. Maverick Capital Ltd. boosted its stake in American Airlines Group by 95.3% in the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after purchasing an additional 94,573 shares during the period. Sei Investments Co. grew its holdings in American Airlines Group by 14.7% during the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares in the last quarter. U S Global Investors Inc. increased its position in shares of American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after buying an additional 508,119 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of American Airlines Group in the second quarter worth about $36,000. Institutional investors and hedge funds 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.