Grupo Aeromexico (AERO) – What Are Brokerages Saying About This Stock?

Grupo Aeromexico (NYSE:AERO – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.06.

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Jefferies Financial Group started coverage on Grupo Aeromexico in a research note on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price on the stock. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th.

Read Our Latest Stock Analysis on Grupo Aeromexico

Grupo Aeromexico Price Performance

AERO opened at $16.11 on Tuesday. The company’s 50-day moving average is $15.41 and its 200 day moving average is $15.76. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The firm has a market capitalization of $2.20 billion and a P/E ratio of 38.35.

Grupo Aeromexico (NYSE:AERO – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%. The firm had revenue of $1.48 billion for the quarter. On average, equities research analysts expect that Grupo Aeromexico will post 0.50 earnings per share for the current year.

Insiders Place Their Bets

In other Grupo Aeromexico news, insider Aaron Murray sold 355,600 shares of the business’s stock in a transaction on 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 owned 1,262,530 shares of the company’s stock, valued at approximately $1,994,797.40. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Grupo Aeromexico

A number of hedge funds have recently made changes to their positions in the business. Oaktree Capital Management LP boosted its holdings in shares of Grupo Aeromexico by 5.1% in the 1st quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company’s stock worth $55,601,000 after buying an additional 191,700 shares during the last quarter. Bank of America Corp DE grew its position in Grupo Aeromexico by 25.8% during the first quarter. Bank of America Corp DE now owns 1,439,555 shares of the company’s stock valued at $20,168,000 after buying an additional 295,646 shares during the period. 140 Summer Partners LP purchased a new stake in Grupo Aeromexico during the fourth quarter worth about $28,513,000. Compass Rose Asset Management LP increased its holdings in Grupo Aeromexico by 49.2% during the first quarter. Compass Rose Asset Management LP now owns 545,000 shares of the company’s stock worth $7,635,000 after buying an additional 179,731 shares during the last quarter. Finally, Rubric Capital Management LP purchased a new stake in shares of Grupo Aeromexico during the 1st quarter worth approximately $6,544,000.

About Grupo Aeromexico

(Get Free Report)

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico’s principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets.

Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers.

Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico.

Further Reading

Analyst Recommendations for Grupo Aeromexico (NYSE:AERO)

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