JPMorgan Chase & Co. Raises American Airlines Group (NASDAQ:AAL) Price Target to $20.00

American Airlines Group (NASDAQ:AALFree Report) had its price objective lifted by JPMorgan Chase & Co. from $15.00 to $20.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the airline’s stock.

Several other research analysts have also recently issued reports on the stock. Barclays decreased their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a report on Thursday, September 19th. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Finally, Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, American Airlines Group currently has an average rating of “Hold” and an average price target of $13.40.

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American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $13.15 on Friday. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The business’s fifty day moving average price is $11.28 and its two-hundred day moving average price is $11.76. The company has a market capitalization of $8.63 billion, a P/E ratio of 21.92, a PEG ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AALGet Free Report) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. On average, research analysts expect that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

A number of large investors have recently made changes to their positions in AAL. Maverick Capital Ltd. grew its stake in American Airlines Group by 95.3% during the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after acquiring an additional 94,573 shares in the last quarter. Sei Investments Co. grew its position in American Airlines Group by 14.7% during the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after purchasing an additional 153,515 shares in the last quarter. ORG Partners LLC acquired a new position in American Airlines Group in the 2nd quarter valued at approximately $36,000. U S Global Investors Inc. lifted its position in American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of American Airlines Group by 743.1% during the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after buying an additional 1,098,865 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

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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.

Further Reading

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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