American Airlines Group (NASDAQ:AAL) Price Target Raised to $24.00 at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AAL) had its price target boosted by JPMorgan Chase & Co. from $22.00 to $24.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the airline’s stock.

A number of other analysts also recently weighed in on the stock. Cantor Fitzgerald set a $24.00 price target on shares of American Airlines Group in a report on Thursday, July 2nd. Citigroup reduced their target price on American Airlines Group from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Friday. Jefferies Financial Group lifted their price target on American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Morgan Stanley boosted their price target on American Airlines Group from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Barclays upped their price objective on American Airlines Group from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.18.

American Airlines Group Stock Up 6.8%

Shares of AAL stock opened at $14.48 on Friday. American Airlines Group has a 12-month low of $10.09 and a 12-month high of $18.79. The company has a market capitalization of $9.58 billion, a PE ratio of -29.55 and a beta of 1.32. The firm has a 50 day moving average price of $15.35 and a two-hundred day moving average price of $13.71.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 23rd. The airline reported $0.15 EPS for the quarter, beating the consensus estimate of $0.03 by $0.12. American Airlines Group had a negative net margin of 0.56% and a negative return on equity of 9.11%. The business had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $16.70 billion. During the same period in the prior year, the company posted $0.95 earnings per share. American Airlines Group’s revenue was up 16.3% compared to the same quarter last year. American Airlines Group has set its Q3 2026 guidance at -0.700–0.100 EPS and its FY 2026 guidance at -0.650-0.650 EPS. As a group, research analysts expect that American Airlines Group will post 0.2 EPS for the current year.

Insider Activity at American Airlines Group

In other American Airlines Group news, COO David Seymour sold 56,456 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $1,016,208.00. Following the transaction, the chief operating officer directly owned 969,033 shares in the company, valued at $17,442,594. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AAL. Gradient Investments LLC purchased a new stake in shares of American Airlines Group in the second quarter worth about $2,844,000. Kwmg LLC increased its holdings in American Airlines Group by 3.3% during the 2nd quarter. Kwmg LLC now owns 502,506 shares of the airline’s stock worth $9,080,000 after acquiring an additional 16,070 shares during the period. Assenagon Asset Management S.A. increased its holdings in American Airlines Group by 1,025.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,191,912 shares of the airline’s stock worth $21,538,000 after acquiring an additional 1,086,013 shares during the period. Evanson Financial LLC purchased a new stake in American Airlines Group in the 2nd quarter worth approximately $201,000. Finally, Gainplan LLC purchased a new position in shares of American Airlines Group during the 2nd quarter valued at $453,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

More American Airlines Group News

Here are the key news stories impacting American Airlines Group this week:

• Positive Sentiment: JPMorgan raised its price target on AAL to $24 from $22 and kept an overweight rating, signaling greater confidence in the stock’s upside after the post-earnings pullback. Benzinga
• Positive Sentiment: Zacks added American Airlines to its Rank #1 (Strong Buy) list, while other commentary said the stock looks technically oversold and could be due for a turnaround. Zacks
• Positive Sentiment: Analysts and market commentary pointed to improving sentiment around revenue strategy, premium demand, loyalty growth, and network gains, which supports the case for a recovery after the stock’s recent drop. Yahoo Finance
• Neutral Sentiment: American Airlines reported record quarterly revenue of $16.74 billion and beat EPS expectations, but investors are balancing that strength against a sharp profit decline year over year and a weaker full-year outlook. GlobeNewswire
• Negative Sentiment: The main pressure point remains surging jet fuel costs, which led American Airlines to cut its earnings guidance and cloud the profit outlook despite strong demand trends. CNBC

About American Airlines Group

American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.

The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.