JPMorgan Chase & Co. Cuts American Airlines Group (NASDAQ:AAL) Price Target to $15.00

American Airlines Group (NASDAQ:AAL) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $21.00 to $15.00 in a research report issued on Friday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 43.27% from the stock’s current price.

A number of other equities research analysts also recently commented on AAL. Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Susquehanna reduced their price target on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Barclays reduced their price target on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Jefferies Financial Group downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Finally, Morgan Stanley reduced their price target on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.80.

American Airlines Group Trading Down 1.2 %

NASDAQ:AAL traded down $0.13 during trading hours on Friday, hitting $10.47. The company’s stock had a trading volume of 27,619,684 shares, compared to its average volume of 34,530,125. The stock has a market capitalization of $6.87 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.22 and a beta of 1.44. The stock has a fifty day moving average of $11.59 and a 200-day moving average of $13.43. American Airlines Group has a 52-week low of $9.76 and a 52-week high of $16.87.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 earnings per share. On average, sell-side analysts forecast that American Airlines Group will post 1.72 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in shares of American Airlines Group by 4.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock valued at $368,000 after purchasing an additional 1,459 shares during the period. First Command Advisory Services Inc. bought a new stake in American Airlines Group during the second quarter worth approximately $43,000. Lebenthal Global Advisors LLC boosted its holdings in American Airlines Group by 53.9% during the second quarter. Lebenthal Global Advisors LLC now owns 61,902 shares of the airline’s stock worth $701,000 after buying an additional 21,683 shares in the last quarter. Fifth Third Bancorp boosted its stake in American Airlines Group by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 25,809 shares of the airline’s stock worth $292,000 after purchasing an additional 14,168 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in American Airlines Group in the 2nd quarter worth approximately $4,730,000. Institutional investors and hedge funds 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.