Grupo Aeromexico (NYSE:AERO – Get Free Report) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $28.00 to $26.50 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 52.56% from the company’s previous close.
A number of other research firms have also recently issued reports on AERO. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Wall Street Zen cut Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Barclays decreased their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Grupo Aeromexico presently has an average rating of “Moderate Buy” and an average price target of $29.21.
Read Our Latest Stock Report on AERO
Grupo Aeromexico Stock Performance
Grupo Aeromexico (NYSE:AERO – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The firm had revenue of $1.34 billion during the quarter. As a group, sell-side analysts expect that Grupo Aeromexico will post 1.13 EPS for the current year.
Insider Activity at Grupo Aeromexico
In other news, insider Aaron James Murray sold 350,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $1.56, for a total value of $546,000.00. Following the sale, the insider directly owned 1,618,130 shares in the company, valued at $2,524,282.80. The trade was a 17.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.82% of the stock is currently owned by company insiders.
Institutional Trading of Grupo Aeromexico
Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Aeromexico in the first quarter valued at about $56,000. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $220,000. Sandia Investment Management LP bought a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $220,000. Quarry LP bought a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $232,000. Finally, R Squared Ltd bought a new stake in shares of Grupo Aeromexico in the first quarter valued at about $163,000.
Grupo Aeromexico Company Profile
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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