American Airlines Group, Inc. (NASDAQ:AAL) Rating Increased to Overweight at J P Morgan Chase & Co

American Airlines Group, Inc. (NASDAQ:AAL) was upgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, August 1st, Marketbeat.com reports. The brokerage currently has a $61.00 price target on the airline’s stock, up from their prior price target of $52.00. J P Morgan Chase & Co’s target price would indicate a potential upside of 33.92% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. BidaskClub raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Vetr raised American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 price objective for the company in a research note on Monday, April 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. Imperial Capital reaffirmed an “in-line” rating and set a $43.00 price objective on shares of American Airlines Group in a research note on Friday, May 19th. Finally, Bank of America Corporation boosted their target price on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $53.45.

American Airlines Group (AAL) opened at 45.55 on Tuesday. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 11.31 and a beta of 0.96. American Airlines Group has a 52-week low of $33.90 and a 52-week high of $54.48. The company has a 50 day moving average price of $50.80 and a 200-day moving average price of $46.88. American Airlines Group also was the target of unusually large options trading on Thursday. Investors bought 23,622 call options on the company. This is an increase of 192% compared to the average daily volume of 8,100 call options.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The business had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group will post $5.10 EPS for the current year.

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In related news, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now owns 161,476 shares in the company, valued at $7,746,003.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Derek J. Kerr sold 104,223 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders have sold 197,623 shares of company stock worth $9,869,666 in the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in American Airlines Group during the second quarter valued at about $106,000. Westside Investment Management Inc. raised its stake in American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares during the last quarter. First Manhattan Co. raised its stake in American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. WFG Advisors LP raised its stake in American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after buying an additional 519 shares during the last quarter. Finally, D. Scott Neal Inc. bought a new stake in American Airlines Group during the second quarter valued at about $120,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

About American Airlines Group

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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