American Airlines Group (NASDAQ:AAL) Given New $26.00 Price Target at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AAL) had its price target cut by JPMorgan Chase & Co. from $30.00 to $26.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the airline’s stock.

Several other research firms have also issued reports on AAL. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $25.00 in a report on Monday, January 6th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Raymond James reissued an “outperform” rating and issued a $23.00 price objective (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Finally, Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.70.

American Airlines Group Price Performance

NASDAQ:AAL opened at $13.87 on Monday. American Airlines Group has a one year low of $9.07 and a one year high of $19.10. The company has a market cap of $9.12 billion, a PE ratio of 12.17, a P/E/G ratio of 0.21 and a beta of 1.35. The firm’s 50 day simple moving average is $16.94 and its 200 day simple moving average is $14.30.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts expect that American Airlines Group will post 2.42 EPS for the current year.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently modified their holdings of AAL. Bernard Wealth Management Corp. bought a new stake in American Airlines Group during the fourth quarter worth $42,000. Heck Capital Advisors LLC bought a new stake in shares of American Airlines Group during the 4th quarter worth $98,000. Polar Asset Management Partners Inc. bought a new stake in shares of American Airlines Group during the 4th quarter worth $8,009,000. Ameriflex Group Inc. purchased a new position in shares of American Airlines Group in the 4th quarter worth about $69,000. Finally, Mackenzie Financial Corp bought a new position in American Airlines Group during the fourth quarter valued at about $1,797,000. Hedge funds and other 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.