JPMorgan Chase & Co. Lowers American Airlines Group Price Target to $55.50 (AAL)
Research analysts at JPMorgan Chase & Co. cut their price target on shares of American Airlines Group (NASDAQ:AAL) from $57.50 to $55.50 in a report released on Thursday. JPMorgan Chase & Co.’s target price indicates a potential upside of 40.76% from the company’s current price.
American Airlines Group (NASDAQ:AAL) traded up 1.49% on Thursday, hitting $39.43. The stock had a trading volume of 8,978,315 shares. American Airlines Group has a 1-year low of $15.28 and a 1-year high of $44.88. The stock has a 50-day moving average of $42.18 and a 200-day moving average of $37.93. The company’s market cap is $28.394 billion.
American Airlines Group (NASDAQ:AAL) last released its earnings data on Thursday, July 24th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.05. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.31 billion. The company’s revenue for the quarter was up 76.1% on a year-over-year basis. On average, analysts predict that American Airlines Group will post $5.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 18th. Stockholders of record on Monday, August 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 31st.
A number of other analysts have also recently weighed in on AAL. Analysts at Goldman Sachs reiterated a “positive” rating on shares of American Airlines Group in a research note on Monday, July 28th. Separately, analysts at CRT Capital cut their price target on shares of American Airlines Group from $52.00 to $48.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of American Airlines Group from $45.00 to $54.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.07.
American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).
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