Grupo Aeromexico (NYSE:AERO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Grupo Aeromexico (NYSE:AERO) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $29.2143.

AERO has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday. Barclays reduced their price target on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th.

Insider Activity

In related news, insider Aaron James Murray sold 600,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Grupo Aeromexico

Several institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Grupo Aeromexico in the first quarter worth $56,000. R Squared Ltd acquired a new stake in shares of Grupo Aeromexico in the first quarter worth $163,000. Federated Hermes Inc. acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $220,000. Sandia Investment Management LP acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $220,000. Finally, Quarry LP acquired a new stake in shares of Grupo Aeromexico in the fourth quarter worth $232,000.

Grupo Aeromexico Stock Down 0.1%

Shares of Grupo Aeromexico stock opened at $17.33 on Wednesday. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05. The company’s 50-day simple moving average is $15.74 and its 200-day simple moving average is $17.65. The firm has a market cap of $2.36 billion and a price-to-earnings ratio of 21.13.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The business had revenue of $1.34 billion for the quarter. Equities research analysts anticipate that Grupo Aeromexico will post 1.13 EPS for the current year.

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.