Grupo Aeromexico (NYSE:AERO – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.0625.
Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings raised Grupo Aeromexico from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Jefferies Financial Group started coverage on Grupo Aeromexico in a research note on Thursday, June 18th. They set a “hold” rating and a $20.00 price target on the stock. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Barclays dropped their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th.
View Our Latest Stock Report on Grupo Aeromexico
Grupo Aeromexico Stock Performance
Grupo Aeromexico (NYSE:AERO – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The business had revenue of $1.34 billion during the quarter. On average, research analysts predict that Grupo Aeromexico will post 1.14 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. The trade was a 23.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.82% of the company’s stock.
Hedge Funds Weigh In On Grupo Aeromexico
A number of hedge funds and other institutional investors have recently made changes to their positions in AERO. Public Employees Retirement System of Ohio acquired a new position in shares of Grupo Aeromexico in the 1st quarter worth approximately $56,000. Federated Hermes Inc. acquired a new position in shares of Grupo Aeromexico during the fourth quarter worth approximately $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico in the fourth quarter valued at $220,000. Quarry LP bought a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $232,000. Finally, R Squared Ltd acquired a new stake in shares of Grupo Aeromexico in the 1st quarter worth about $163,000.
About Grupo Aeromexico
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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