Grupo Aeromexico (NYSE:AERO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Grupo Aeromexico (NYSE:AEROGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.4286.

Several equities research analysts have recently weighed in on AERO shares. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. JPMorgan Chase & Co. decreased their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Finally, Barclays dropped their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th.

View Our Latest Research Report on AERO

Insider Activity

In related news, insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at approximately $2,524,282.80. This trade represents a 17.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Grupo Aeromexico

A number of hedge funds and other institutional investors have recently bought and sold shares of AERO. Public Employees Retirement System of Ohio purchased a new position in Grupo Aeromexico in the 1st quarter worth about $56,000. R Squared Ltd purchased a new position in shares of Grupo Aeromexico during the first quarter worth approximately $163,000. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Sandia Investment Management LP bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Finally, Quarry LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at approximately $232,000.

Grupo Aeromexico Price Performance

NYSE:AERO opened at $16.60 on Wednesday. The firm has a market capitalization of $2.27 billion and a price-to-earnings ratio of 20.25. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The business has a 50 day simple moving average of $15.57 and a 200-day simple moving average of $17.65.

Grupo Aeromexico (NYSE:AEROGet Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. As a group, analysts expect that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

Grupo Aeromexico Company Profile

(Get Free Report)

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.

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Analyst Recommendations for Grupo Aeromexico (NYSE:AERO)

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