Citigroup Has Lowered Expectations for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL - Free Report) had its price objective trimmed by Citigroup from $21.50 to $20.00 in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the airline's stock.

A number of other research firms have also commented on AAL. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Wednesday, February 26th. StockNews.com cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Sanford C. Bernstein raised American Airlines Group from a "market perform" rating to an "outperform" rating and upped their price target for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Raymond James restated an "outperform" rating and issued a $23.00 price objective (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Finally, Bank of America cut their target price on shares of American Airlines Group from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.30.

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American Airlines Group Price Performance

Shares of NASDAQ AAL traded up $0.13 during midday trading on Tuesday, reaching $11.39. 46,911,968 shares of the stock were exchanged, compared to its average volume of 34,728,274. The business has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $14.43. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Equities research analysts expect that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in American Airlines Group by 7.3% during the third 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. acquired a new stake in shares of American Airlines Group during the 3rd quarter worth approximately $122,000. KBC Group NV boosted its position in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline's stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. Natixis Advisors LLC acquired a new stake in American Airlines Group in the 3rd quarter valued at $365,000. Finally, Mutual of America Capital Management LLC raised its stake in shares of American Airlines Group by 328.8% in the third quarter. Mutual of America Capital Management LLC now owns 354,915 shares of the airline's stock worth $3,989,000 after purchasing an additional 272,143 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

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.