American Airlines Group (NASDAQ:AAL) PT Raised to $20.00 at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AAL) had its target price lifted by research analysts at JPMorgan Chase & Co. from $15.00 to $20.00 in a research report issued to clients and investors 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 52.09% from the company’s previous close.

Several other equities analysts have also recently commented on AAL. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Evercore ISI upped their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Barclays decreased their target price on 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. Jefferies Financial Group upped their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lifted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday. Two research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.40.

American Airlines Group Price Performance

AAL stock opened at $13.15 on Friday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The company has a 50-day moving average of $11.28 and a two-hundred day moving average of $11.77. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced 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 firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. Equities analysts expect that American Airlines Group will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares during the last quarter. UMB Bank n.a. raised its position 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 purchasing an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in American Airlines Group by 51.3% in 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 in the last quarter. ORG Partners LLC bought a new stake in shares of American Airlines Group during the second quarter worth $36,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of American Airlines Group in the second quarter valued at $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.