Wall Street Zen downgraded shares of Grupo Aeromexico (NYSE:AERO – Free Report) from a buy rating to a hold rating in a research report report published on Tuesday morning.
Other analysts have also recently issued reports about the company. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut shares of 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 shares of Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.06.
Get Our Latest Stock Analysis on Grupo Aeromexico
Grupo Aeromexico Price Performance
Grupo Aeromexico (NYSE:AERO – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate 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. On average, equities research analysts expect that Grupo Aeromexico will post 1.05 EPS for the current year.
Insider Transactions at Grupo Aeromexico
In other Grupo Aeromexico news, insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider owned 1,618,130 shares of the company’s stock, valued at $2,524,282.80. This trade represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hedge Funds Weigh In On Grupo Aeromexico
Hedge funds have recently modified their holdings of the business. Strategic Value Partners LLC acquired a new stake in shares of Grupo Aeromexico during the 4th quarter worth about $208,318,000. Seven Grand Managers LLC acquired a new position in Grupo Aeromexico in the fourth quarter valued at about $3,294,000. Zweig DiMenna Associates LLC purchased a new position in Grupo Aeromexico during the fourth quarter worth about $1,976,000. Norges Bank purchased a new position in Grupo Aeromexico during the fourth quarter worth about $8,784,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Grupo Aeromexico during the fourth quarter valued at about $3,968,000.
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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