Grupo Aeromexico (NYSE:AERO – Get Free Report) issued its earnings results on Monday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%.
Grupo Aeromexico Stock Down 0.6%
Shares of NYSE:AERO traded down $0.10 during mid-day trading on Monday, reaching $15.88. 1,263,487 shares of the stock were exchanged, compared to its average volume of 365,760. The stock’s 50 day simple moving average is $15.42 and its 200-day simple moving average is $15.83. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05. The company has a market cap of $2.17 billion and a P/E ratio of 37.81.
Analysts Set New Price Targets
Several research firms have weighed in on AERO. Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Aeromexico in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.06.
Insider Buying and Selling
In other Grupo Aeromexico news, insider Aaron Murray sold 355,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total transaction of $561,848.00. Following the completion of the transaction, the insider owned 1,262,530 shares of the company’s stock, valued at $1,994,797.40. This represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Grupo Aeromexico Company Profile
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.
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