American Airlines Group (NYSE:AAL) Change of Rating

Equity research analysts at JP Morgan’s equity division upgraded American Airlines Group (NYSE:AAL)’s stock from “Neutral” to “Overweight” on Tuesday morning.

Out of 14 brokers covering American Airlines Group, 11 rate it a Buy, 3 indicate a Hold while 1 suggest a Sell. The highest target is $50.5 and the lowest is $27 according to Thomson/First Call. The 12-month mean target is $43.25, which means downside potential of 15.30% over the current price.

Institutional Ownership

Cyrus Capital Partners L.P. had the biggest stake with ownership of 3.84 million shares as of q2 2015 for 10.55% of the stocks portfolio. Tyvor Capital Llc is another quite bullish active investment manager who is having 923,722 shares of American Airlines Group or 8.87% of their stocks portfolio. Also, Contrarian Capital Management L.L.C. have 7.72% of their stocks portfolio invested in the company for 443,799 shares. The New York-based fund Stelliam Investment Management Lp revealed it had acquired so far a stake worth about 6.83% of the active investment manager’s stock portfolio in American Airlines Group. The Illinois-based fund Css Llc Il is also positive about the stock, possessing 5.58 million shares or 4.45% of their stocks portfolio.

American Airlines Group (NYSE:AAL) 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.

American Airlines Group (NYSE:AAL) traded up 1.23% on 1 August, hitting $51.06. A total of 5.04M shares of the company’s stock traded hands. This is down from average of 5.77M shares. American Airlines Group has a 52 week low of $33.00 and a 52 week high of $54.48. The company has a market cap of $24.87B and a P/E ratio of 12.63.

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