Grupo Aeromexico (NYSE:AERO) Given Average Recommendation of “Moderate Buy” by Brokerages

Grupo Aeromexico (NYSE:AERO) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.4286.

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings began coverage on shares of Grupo Aeromexico in a report on Tuesday, February 3rd. They issued a “hold (c)” rating on the stock. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Wall Street Zen lowered Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th.

Grupo Aeromexico Stock Up 0.6%

NYSE:AERO opened at $16.60 on Tuesday. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The company has a market cap of $2.26 billion and a PE ratio of 22.13. The firm has a 50-day moving average price of $16.16.

Institutional Investors Weigh In On Grupo Aeromexico

A number of large investors have recently modified their holdings of the business. Mariner Investment Group LLC purchased a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $3,717,000. XTX Topco Ltd purchased a new position in shares of Grupo Aeromexico in the 4th quarter valued at approximately $301,000. Zimmer Partners LP acquired a new stake in Grupo Aeromexico in the 4th quarter worth approximately $23,286,000. VR Advisory Services Ltd acquired a new stake in Grupo Aeromexico in the 4th quarter worth approximately $259,000. Finally, Readystate Asset Management LP purchased a new stake in Grupo Aeromexico during the 4th quarter worth approximately $3,009,000.

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.