American Airlines Group, Inc. (NASDAQ:AAL)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a note issued to investors on Wednesday, MarketBeat Ratings reports.

A number of other equities analysts have also weighed in on AAL. Sanford C. Bernstein reiterated a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Zacks Investment Research lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. ValuEngine upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation lifted their target price on shares of American Airlines Group to $61.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.28.

American Airlines Group (AAL) traded down 0.32% on Wednesday, reaching $46.85. The company’s stock had a trading volume of 1,670,228 shares. The stock has a market capitalization of $22.82 billion, a P/E ratio of 11.63 and a beta of 0.98. The firm has a 50 day moving average price of $47.27 and a 200 day moving average price of $46.76. American Airlines Group has a 52 week low of $33.90 and a 52 week high of $54.48.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. The firm had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. American Airlines Group’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 EPS. On average, equities analysts anticipate that American Airlines Group will post $4.86 EPS for the current year.

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In other news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the sale, the executive vice president now directly owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Several large investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in American Airlines Group by 6.5% during the first quarter. Russell Investments Group Ltd. now owns 121,487 shares of the airline’s stock valued at $5,139,000 after purchasing an additional 7,451 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in American Airlines Group by 13.6% during the first quarter. Xact Kapitalforvaltning AB now owns 14,361 shares of the airline’s stock valued at $607,000 after purchasing an additional 1,715 shares during the last quarter. Swiss National Bank lifted its stake in American Airlines Group by 21.2% during the first quarter. Swiss National Bank now owns 459,100 shares of the airline’s stock valued at $19,420,000 after purchasing an additional 80,400 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in American Airlines Group by 6.5% during the first quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock valued at $17,816,000 after purchasing an additional 25,738 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in American Airlines Group during the first quarter valued at approximately $4,733,000. 81.53% of the stock is owned by institutional investors.

American Airlines Group Company Profile

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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