American Airlines Group (NASDAQ:AAL) Given New $15.00 Price Target at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AAL) had its price objective reduced by JPMorgan Chase & Co. from $21.00 to $15.00 in a report issued on Friday morning, BayStreet.CA reports.

Several other equities analysts also recently commented on AAL. Susquehanna lowered their target price on shares of American Airlines Group from $15.00 to $13.00 and set a neutral rating on the stock in a research report on Thursday, May 30th. Evercore ISI cut their price target on shares of American Airlines Group from $17.00 to $13.00 and set an in-line rating for the company in a research note on Monday, July 15th. Barclays cut their target price on shares of 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. TD Cowen lowered shares of American Airlines Group from a buy rating to a hold rating and lowered their price target for the company from $16.00 to $10.00 in a report on Wednesday, July 17th. Finally, HSBC began coverage on shares of American Airlines Group in a report on Monday, May 13th. They set a buy rating and a $17.90 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $13.80.

American Airlines Group Trading Up 0.2 %

NASDAQ:AAL opened at $10.62 on Friday. American Airlines Group has a 52 week low of $9.76 and a 52 week high of $16.87. The firm has a market capitalization of $6.97 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. The stock has a 50 day moving average of $11.51 and a 200-day moving average of $13.39.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. During the same period last year, the company posted $1.92 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts predict that American Airlines Group will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC purchased a new position in American Airlines Group during the fourth quarter valued at approximately $27,000. Quarry LP bought a new stake in American Airlines Group during the 4th quarter valued at $34,000. Beaird Harris Wealth Management LLC raised its holdings in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares during the last quarter. ORG Partners LLC bought a new position in American Airlines Group in the 2nd quarter worth $36,000. Finally, GAMMA Investing LLC bought a new position in American Airlines Group in the 4th quarter worth $38,000. Hedge funds and other 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.