JPMorgan Chase & Co. Has Lowered Expectations for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL - Free Report) had its target price decreased by JPMorgan Chase & Co. from $30.00 to $26.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the airline's stock.

A number of other research analysts have also commented on the stock. Redburn Atlantic upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. TD Cowen raised shares of American Airlines Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Susquehanna cut their price target on shares of American Airlines Group from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Citigroup upped their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and an average price target of $19.62.

American Airlines Group Trading Up 5.5 %

Shares of American Airlines Group stock traded up $0.74 during midday trading on Monday, reaching $14.09. The company had a trading volume of 56,965,698 shares, compared to its average volume of 36,394,199. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. The stock has a fifty day simple moving average of $16.72 and a 200 day simple moving average of $14.35. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Sell-side analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The shares were 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 in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On American Airlines Group

Large investors have recently modified their holdings of the stock. Austin Private Wealth LLC bought a new stake in American Airlines Group during the third quarter worth about $723,000. Centiva Capital LP raised its holdings in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline's stock valued at $1,678,000 after purchasing an additional 99,513 shares during the last quarter. Principal Financial Group Inc. increased its holdings in American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after buying an additional 787,671 shares during the last quarter. Primecap Management Co. CA increased its holdings in American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline's stock valued at $644,498,000 after buying an additional 458,310 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in American Airlines Group during the third quarter valued at approximately $672,000. 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.