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

Shares of Grupo Aeromexico (NYSE:AEROGet Free Report) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.0625.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday, June 12th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Jefferies Financial Group assumed coverage on Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price on the stock. Finally, Zacks Research raised Grupo Aeromexico from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th.

View Our Latest Report on Grupo Aeromexico

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron James Murray sold 355,600 shares of Grupo Aeromexico stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total value of $561,848.00. Following the transaction, the insider directly owned 1,262,530 shares of the company’s stock, valued at $1,994,797.40. The trade was a 21.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AERO. Strategic Value Partners LLC acquired a new position in Grupo Aeromexico during the fourth quarter valued at approximately $208,318,000. Seven Grand Managers LLC acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $3,294,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $1,976,000. Norges Bank purchased a new position in shares of Grupo Aeromexico in the 4th quarter valued at $8,784,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Grupo Aeromexico during the 4th quarter valued at $3,968,000.

Grupo Aeromexico Stock Up 0.7%

Shares of NYSE:AERO opened at $13.81 on Monday. The company has a market cap of $1.88 billion and a P/E ratio of 32.88. The business has a fifty day simple moving average of $16.23 and a 200-day simple moving average of $16.22. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Grupo Aeromexico (NYSE:AEROGet Free Report) last released its earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. The company had revenue of $1.48 billion during the quarter. Sell-side analysts expect that Grupo Aeromexico will post 1.05 earnings per share for the current fiscal year.

About Grupo Aeromexico

(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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