American Airlines Group (AAL) Given a $46.00 Price Target at JPMorgan Chase & Co.

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American Airlines Group (NASDAQ:AAL) has been assigned a $46.00 target price by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the airline’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 32.72% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Imperial Capital raised their target price on American Airlines Group from $52.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, September 27th. ValuEngine upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 19th. BidaskClub upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Morgan Stanley set a $39.00 price objective on American Airlines Group and gave the stock a “hold” rating in a research report on Friday, October 5th. Finally, Cowen reduced their price objective on American Airlines Group from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. American Airlines Group has a consensus rating of “Buy” and an average price target of $50.71.

NASDAQ AAL opened at $34.66 on Tuesday. The company has a market capitalization of $14.95 billion, a PE ratio of 7.10, a PEG ratio of 0.90 and a beta of 0.98. American Airlines Group has a 1-year low of $30.24 and a 1-year high of $59.08.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. As a group, sell-side analysts expect that American Airlines Group will post 4.53 EPS for the current year.

In related news, Director John T. Cahill acquired 25,000 shares of American Airlines Group stock in a transaction that occurred on Monday, October 29th. The shares were purchased at an average price of $33.47 per share, for a total transaction of $836,750.00. Following the completion of the transaction, the director now owns 6,531 shares in the company, valued at approximately $218,592.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AAL. Truvestments Capital LLC acquired a new stake in American Airlines Group during the third quarter worth $115,000. Exane Derivatives increased its stake in American Airlines Group by 176,700.0% during the second quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock worth $136,000 after acquiring an additional 3,534 shares during the last quarter. Trilogy Capital Inc. increased its stake in American Airlines Group by 10,137.5% during the second quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after acquiring an additional 4,055 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in American Airlines Group during the second quarter worth $185,000. Finally, Princeton Capital Management LLC acquired a new stake in American Airlines Group during the second quarter worth $190,000. 82.36% of the stock is owned by institutional investors.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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