Grupo Aeromexico (NYSE:AERO) Given New $25.00 Price Target at Barclays

Grupo Aeromexico (NYSE:AERO) had its price target lowered by stock analysts at Barclays from $32.00 to $25.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 92.23% from the company’s current price.

AERO has been the subject of a number of other reports. Evercore began coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 target price for the company. Zacks Research raised Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. decreased their price objective on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Weiss Ratings initiated coverage on shares of Grupo Aeromexico in a report on Tuesday, February 3rd. They set a “hold (c)” rating on the stock. Finally, Itau BBA Securities started coverage on shares of Grupo Aeromexico in a research report on Sunday, November 30th. They set an “outperform” rating for the company. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Grupo Aeromexico currently has an average rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Trading Down 2.9%

AERO traded down $0.40 during midday trading on Tuesday, reaching $13.01. The company had a trading volume of 45,610 shares, compared to its average volume of 484,269. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05. The business’s 50-day moving average price is $18.28. The company has a market capitalization of $1.77 billion and a PE ratio of 17.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at about $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico in the fourth quarter valued at approximately $220,000. Quarry LP purchased a new position in Grupo Aeromexico during the fourth quarter valued at approximately $232,000. VR Advisory Services Ltd purchased a new position in Grupo Aeromexico during the fourth quarter valued at approximately $259,000. Finally, HRT Financial LP bought a new stake in Grupo Aeromexico during the 4th quarter worth approximately $295,000.

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.