American Airlines Group (NASDAQ:AAL) Price Target Raised to $22.00 at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AALGet Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from $19.00 to $22.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the airline’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 44.55% from the company’s previous close.

AAL has been the topic of a number of other research reports. Citigroup decreased their price target on shares of American Airlines Group from $13.00 to $12.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. BNP Paribas downgraded shares of American Airlines Group from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Friday, November 10th. Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, January 11th. Finally, TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $14.00 to $21.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.09.

Get Our Latest Stock Analysis on AAL

American Airlines Group Price Performance

AAL traded down $0.14 during midday trading on Friday, hitting $15.22. 26,854,597 shares of the company’s stock traded hands, compared to its average volume of 45,831,367. The company has a market cap of $9.95 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.13 and a beta of 1.56. The stock’s fifty day simple moving average is $13.55 and its 200-day simple moving average is $13.88. American Airlines Group has a one year low of $10.86 and a one year high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. The business had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a net margin of 3.04% and a negative return on equity of 47.30%. American Airlines Group’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. On average, research analysts expect that American Airlines Group will post 2.43 EPS for the current year.

Insider Buying and Selling at American Airlines Group

In other news, EVP Vasu Raja sold 5,298 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $12.23, for a total transaction of $64,794.54. Following the sale, the executive vice president now directly owns 339,170 shares in the company, valued at $4,148,049.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC boosted its stake in American Airlines Group by 10.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 97,465 shares of the airline’s stock worth $1,339,000 after acquiring an additional 9,206 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of American Airlines Group by 1,291.7% in the fourth quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock valued at $29,590,000 after buying an additional 199,897 shares in the last quarter. Advisory Alpha LLC lifted its stake in shares of American Airlines Group by 25.2% in the fourth quarter. Advisory Alpha LLC now owns 13,445 shares of the airline’s stock valued at $185,000 after buying an additional 2,706 shares in the last quarter. U S Global Investors Inc. lifted its stake in shares of American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after buying an additional 2,001,247 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of American Airlines Group in the fourth quarter valued at $803,000. 58.50% of the stock is owned by institutional investors.

About American Airlines Group

(Get Free Report)

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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