American Airlines Group (NASDAQ:AAL) Price Target Increased to $20.00 by Analysts at JPMorgan Chase & Co.

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

Other analysts also recently issued research reports about the company. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Evercore ISI upped their target price on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Barclays dropped their price target on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Evercore decreased their price objective on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Finally, Susquehanna lifted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group has a consensus rating of “Hold” and a consensus target price of $13.40.

American Airlines Group Stock Performance

Shares of AAL opened at $13.15 on Friday. The firm has a market cap of $8.63 billion, a PE ratio of 21.92, a PEG ratio of 0.26 and a beta of 1.43. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The firm’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.76.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results 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 the consensus estimate of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, sell-side analysts anticipate that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC lifted its stake in American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the period. Blue Trust Inc. boosted its stake in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. boosted its stake in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after buying an additional 2,264 shares in the last quarter. Sentry Investment Management LLC bought a new stake in American Airlines Group in the second quarter valued at $36,000. Finally, ORG Partners LLC acquired a new position in American Airlines Group during the second quarter worth $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

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.