American Airlines Group (NASDAQ:AAL) Price Target Cut to $26.00 by Analysts at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AAL) had its target price trimmed by JPMorgan Chase & Co. from $30.00 to $26.00 in a research report released on Monday,Benzinga reports. The firm currently has an overweight rating on the airline’s stock.

Other equities research analysts have also recently issued reports about the stock. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, January 6th. StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their target price on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Raymond James reissued an “outperform” rating and set a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Finally, Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.62.

American Airlines Group Trading Up 5.5 %

Shares of NASDAQ:AAL opened at $14.09 on Monday. The stock has a market capitalization of $9.27 billion, a PE ratio of 12.36, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $19.10. The firm has a fifty day moving average price of $16.72 and a 200 day moving average price of $14.35.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, sell-side analysts forecast that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Insider Activity at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Trading of American Airlines Group

Large investors have recently added to or reduced their stakes in the company. Austin Private Wealth LLC bought a new stake in American Airlines Group during the third quarter worth about $723,000. Centiva Capital LP grew its stake in American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after buying an additional 99,513 shares during the last quarter. Principal Financial Group Inc. grew its stake in American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after buying an additional 787,671 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after purchasing an additional 458,310 shares during the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of American Airlines Group during the third quarter valued at approximately $672,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Company Profile

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.