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

American Airlines Group (NASDAQ:AAL) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $15.00 to $20.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the airline’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 50.72% from the stock’s previous close.

A number of other equities research analysts have also recently commented on AAL. Barclays decreased their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Evercore reduced their target price on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Susquehanna raised their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group boosted their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.46.

American Airlines Group Stock Performance

Shares of AAL stock traded up $0.49 during trading hours on Friday, reaching $13.27. The company had a trading volume of 15,506,072 shares, compared to its average volume of 34,779,863. The business has a fifty day moving average price of $11.22 and a 200-day moving average price of $11.79. The firm has a market cap of $8.71 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. American Airlines Group has a one year low of $9.07 and a one year high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during 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%. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. Equities research analysts forecast that American Airlines Group will post 1.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after purchasing an additional 806,770 shares during the last quarter. Primecap Management Co. CA boosted its position in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares in the last quarter. U S Global Investors Inc. increased its holdings in shares of American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after acquiring an additional 508,119 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after acquiring an additional 1,098,865 shares in the last quarter. 52.44% of the stock is currently 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.