American Airlines Group, Inc. (NASDAQ:AAL) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report issued on Friday, Marketbeat reports. They presently have a $53.00 target price on the airline’s stock, down from their prior target price of $61.00. J P Morgan Chase & Co’s price objective would indicate a potential upside of 15.22% from the stock’s current price.

Several other brokerages have also issued reports on AAL. Stifel Nicolaus reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday. Imperial Capital reaffirmed an “in-line” rating and set a $43.00 target price on shares of American Airlines Group in a research report on Friday, May 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 target price (down from $54.00) on shares of American Airlines Group in a research report on Thursday, August 17th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $55.00 target price on shares of American Airlines Group in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $56.78.

Shares of American Airlines Group (NASDAQ:AAL) traded down 0.41% during trading on Friday, reaching $46.00. 14,846,236 shares of the company were exchanged. American Airlines Group has a one year low of $33.90 and a one year high of $54.48. The company has a market capitalization of $22.40 billion, a PE ratio of 11.42 and a beta of 0.98. The firm’s 50 day moving average price is $46.92 and its 200 day moving average price is $46.75.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $11.08 billion. During the same period last year, the business earned $1.77 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that American Airlines Group will post $4.86 earnings per share for the current fiscal year.

WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/15/american-airlines-group-inc-aal-cut-to-neutral-at-j-p-morgan-chase-co.html.

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the transaction, the executive vice president now owns 161,476 shares in the company, valued at approximately $7,746,003.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. In the last three months, insiders sold 63,476 shares of company stock valued at $3,159,738. 0.64% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC boosted its stake in American Airlines Group by 257.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 176,700 shares of the airline’s stock worth $8,892,000 after purchasing an additional 127,200 shares during the period. Sentry Investment Management LLC boosted its stake in American Airlines Group by 1.5% in the 2nd quarter. Sentry Investment Management LLC now owns 115,440 shares of the airline’s stock worth $5,809,000 after purchasing an additional 1,671 shares during the period. WFG Advisors LP boosted its stake in American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after purchasing an additional 519 shares during the period. Toronto Dominion Bank boosted its stake in American Airlines Group by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 162,363 shares of the airline’s stock worth $8,169,000 after purchasing an additional 30,414 shares during the period. Finally, Archford Capital Strategies LLC boosted its stake in American Airlines Group by 67,193.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,767 shares of the airline’s stock worth $265,000 after purchasing an additional 10,751 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

American Airlines Group Company Profile

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)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.