JPMorgan Chase & Co. Lowers American Airlines Group (NASDAQ:AAL) Price Target to $26.00

American Airlines Group (NASDAQ:AAL) had its price target lowered by research analysts at JPMorgan Chase & Co. from $30.00 to $26.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the airline’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 94.76% from the stock’s current price.

Several other brokerages also recently commented on AAL. Bank of America raised American Airlines Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $20.00 in a research note on Friday, January 17th. Citigroup raised their price objective on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Finally, Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

American Airlines Group Stock Down 3.7 %

NASDAQ:AAL opened at $13.35 on Monday. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $19.10. The firm has a market capitalization of $8.78 billion, a P/E ratio of 11.71, a P/E/G ratio of 0.21 and a beta of 1.35. The stock’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $14.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, equities research analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently bought and sold shares of AAL. State of Alaska Department of Revenue grew its holdings in American Airlines Group by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline’s stock worth $856,000 after purchasing an additional 5,175 shares during the period. New York State Teachers Retirement System grew its holdings in American Airlines Group by 4.8% during the third quarter. New York State Teachers Retirement System now owns 671,110 shares of the airline’s stock worth $7,543,000 after purchasing an additional 30,448 shares during the period. Chicago Partners Investment Group LLC grew its holdings in American Airlines Group by 24.2% during the third quarter. Chicago Partners Investment Group LLC now owns 12,536 shares of the airline’s stock worth $141,000 after purchasing an additional 2,446 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of American Airlines Group by 19.6% during the third quarter. QRG Capital Management Inc. now owns 56,872 shares of the airline’s stock worth $639,000 after acquiring an additional 9,323 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of American Airlines Group by 46.9% during the third quarter. Amalgamated Bank now owns 313,746 shares of the airline’s stock worth $3,527,000 after acquiring an additional 100,135 shares during the period. Institutional investors 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.