American Airlines Group, Inc. (NASDAQ:AAL) had its price target boosted by stock analysts at Citigroup Inc. from $58.00 to $67.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the airline’s stock. Citigroup Inc.’s price target would indicate a potential upside of 23.57% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and set a $50.00 price objective (up previously from $49.00) on shares of American Airlines Group in a report on Monday, July 10th. BidaskClub upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Bank of America Corporation boosted their price objective on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, June 30th. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, June 28th. Finally, Atlantic Securities assumed coverage on American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 price objective for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $49.45.

Shares of American Airlines Group (NASDAQ AAL) opened at 54.22 on Thursday. The stock’s 50 day moving average price is $48.29 and its 200-day moving average price is $46.07. The stock has a market cap of $26.71 billion, a price-to-earnings ratio of 13.00 and a beta of 0.97. American Airlines Group has a 1-year low of $33.00 and a 1-year high of $54.48.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. American Airlines Group had a return on equity of 81.88% and a net margin of 5.47%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the business earned $1.25 EPS. American Airlines Group’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that American Airlines Group will post $5.11 earnings per share for the current year.

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In related news, Director James F. Albaugh acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average cost of $43.85 per share, for a total transaction of $131,550.00. Following the purchase, the director now directly owns 14,737 shares of the company’s stock, valued at approximately $646,217.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Derek J. Kerr sold 104,223 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares of the company’s stock, valued at $29,559,750. The disclosure for this sale can be found here. Insiders have sold a total of 161,480 shares of company stock valued at $7,999,471 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of AAL. BlackRock Inc. raised its position in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC raised its position in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock valued at $39,927,000 after buying an additional 924,800 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About American Airlines Group

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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