American Airlines Group (NASDAQ:AAL) Price Target Raised to $20.00

American Airlines Group (NASDAQ:AAL) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $15.00 to $20.00 in a research report issued on Friday, Benzinga reports. The brokerage 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 current price.

A number of other research firms have also issued reports on AAL. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, TD Securities decreased their price objective on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.46.

American Airlines Group Trading Up 3.8 %

AAL traded up $0.49 on Friday, hitting $13.27. 15,506,072 shares of the company’s stock were exchanged, compared to its average volume of 34,779,863. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 0.26 and a beta of 1.43. The firm has a 50-day moving average price of $11.22 and a 200-day moving average price of $11.79. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter last year, the business posted $0.38 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group will post 1.22 EPS for the current year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. HFG Advisors Inc. raised its stake in shares of American Airlines Group by 10.7% during the first quarter. HFG Advisors Inc. now owns 28,070 shares of the airline’s stock valued at $431,000 after acquiring an additional 2,720 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of American Airlines Group by 8.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,234 shares of the airline’s stock valued at $1,001,000 after purchasing an additional 4,828 shares during the period. Norden Group LLC purchased a new position in American Airlines Group during the 1st quarter valued at about $176,000. Principal Financial Group Inc. increased its holdings in shares of American Airlines Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 751,621 shares of the airline’s stock worth $11,537,000 after purchasing an additional 5,273 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in American Airlines Group by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,845 shares of the airline’s stock worth $1,330,000 after acquiring an additional 12,434 shares in the last quarter. Institutional investors 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.