Citigroup Inc. reaffirmed their buy rating on shares of American Airlines Group, Inc. (NASDAQ:AAL) in a research note released on Wednesday morning, Marketbeat reports.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a buy rating on shares of American Airlines Group in a report on Friday, May 26th. Imperial Capital reaffirmed an in-line rating and set a $43.00 price target on shares of American Airlines Group in a report on Friday, May 19th. Morgan Stanley reaffirmed an equal weight rating and set a $52.00 price target (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Vetr raised American Airlines Group from a buy rating to a strong-buy rating and set a $53.62 price target for the company in a report on Tuesday, May 23rd. Finally, Zacks Investment Research raised American Airlines Group from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $56.78.

American Airlines Group (NASDAQ:AAL) traded down 0.41% on Wednesday, hitting $46.00. The stock had a trading volume of 14,846,236 shares. The firm’s 50-day moving average price is $46.92 and its 200-day moving average price is $46.75. The firm has a market cap of $22.40 billion, a P/E ratio of 11.42 and a beta of 0.98. American Airlines Group has a 1-year low of $33.90 and a 1-year high of $54.48.

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

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The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. American Airlines Group’s dividend payout ratio (DPR) is presently 9.88%.

In related news, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction 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 $7,746,003.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the sale, the director now directly owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,476 shares of company stock valued at $3,159,738. 0.64% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in shares of American Airlines Group during the second quarter worth $106,000. Westside Investment Management Inc. grew its stake in shares of American Airlines Group by 3.5% during the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after purchasing an additional 72 shares during the period. First Manhattan Co. grew its stake in shares of American Airlines Group by 3.3% during the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after purchasing an additional 75 shares during the period. WFG Advisors LP grew its stake in shares of American Airlines Group by 28.1% during the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after purchasing an additional 519 shares during the period. Finally, D. Scott Neal Inc. acquired a new stake in shares of American Airlines Group during the second quarter worth $120,000. 81.53% of the stock is owned by institutional investors and hedge funds.

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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