JPMorgan Chase & Co. Reiterates “Overweight” Rating for American Airlines Group (AAL)
American Airlines Group (NASDAQ:AAL)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Thursday, ARN reports. They currently have a $55.00 price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 50.73% from the company’s current price.
Shares of American Airlines Group (NASDAQ:AAL) traded up 0.27% during mid-day trading on Thursday, hitting $36.49. 6,987,195 shares of the company’s stock traded hands. American Airlines Group has a 1-year low of $15.28 and a 1-year high of $39.88. The stock has a 50-day moving average of $36.17 and a 200-day moving average of $30.27. The company’s market cap is $26.280 billion. American Airlines Group also was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 19,628,953 shares, a decrease of 23.3% from the March 31st total of 25,578,918 shares. Approximately 4.2% of the company’s shares are sold short. Based on an average daily trading volume, of 12,820,049 shares, the short-interest ratio is currently 1.5 days.
American Airlines Group (NASDAQ:AAL) last released its earnings data on Thursday, April 24th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.06. The company had revenue of $10.00 billion for the quarter, compared to the consensus estimate of $10.02 billion. The company’s quarterly revenue was up 63.9% on a year-over-year basis. On average, analysts predict that American Airlines Group will post $5.16 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America reiterated a “neutral” rating on shares of American Airlines Group in a research note on Monday, April 28th. They now have a $42.00 price target on the stock, up previously from $40.00. Separately, analysts at Barclays raised their price target on shares of American Airlines Group to $41.00 in a research note on Friday, April 25th. They now have an “equal weight” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of American Airlines Group from $43.00 to $46.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.04.
American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.