American Airlines Group (NYSE:AAL) Buy Rating Kept by Analysts at Citigroup; With $6.00 Target

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Citigroup Analyst Rating Change American Airlines Group NYSE:AAL

American Airlines Group (NYSE:AAL) Rating Restated

New York: In a note shared with investors and clients on Wednesday, 13 September, Citigroup reaffirmed their Buy rating on shares of American Airlines Group (NYSE:AAL). They currently have a $6.00 PT on the firm. Citigroup’s target would indicate a potential downside of -87.29 % from the company’s last stock close price.

NYSE:AAL is at the moment trading 1.53% higher at $47.00 as of 8:01 AM New York time. American Airlines Group’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has increased 6.00% in the same time.

Out of 14 analysts covering American Airlines Group, 11 rate it a Buy, 3 indicate a Hold while 1 suggest a Sell. The highest target is $50.5 and the lowest is $27 according to Thomson/First Call. The 12-month mean target is $43.25, which means downside potential of 7.98% over the current price.

Institutional Ownership

Cyrus Capital Partners L.P. had the largest stake with ownership of 3.84 million shares as of q2 2015 for 10.55% of the portfolio. Tyvor Capital Llc is another very bullish fund who is having 923,722 shares of American Airlines Group or 8.87% of their portfolio. Also, Contrarian Capital Management L.L.C. have 7.72% of their portfolio invested in the company for 443,799 shares. The New York-based fund Stelliam Investment Management Lp disclosed it had bought a stake worth about 6.83% of the fund’s stock portfolio in American Airlines Group. The Illinois-based fund Css Llc Il is also positive about the stock, possessing 5.58 million shares or 4.45% of their portfolio.

American Airlines Group (NYSE:AAL) Profile

American Airlines Group IncAmerican 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.

American Airlines Group (NYSE:AAL) traded up 1.53% on 13 September, hitting $47. A total of 7.29M shares of the company’s stock traded hands. This is up from average of 5.63M shares. American Airlines Group has a 52 week low of $33.90 and a 52 week high of $54.48. The company has a market cap of $22.89B and a P/E ratio of 11.63.

Get the latest American Airlines Group (NYSE:AAL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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