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

Grupo Aeromexico (NYSE:AERO) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.4286.

A number of analysts recently weighed in on the stock. Weiss Ratings initiated coverage on shares of Grupo Aeromexico in a research report on Tuesday, February 3rd. They set a “hold (c)” rating for the company. Wall Street Zen raised Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. JPMorgan Chase & Co. decreased their target price 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. Barclays lowered 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. Finally, The Goldman Sachs Group began coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They set a “buy” rating and a $35.00 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Par Capital Management Inc. purchased a new stake in Grupo Aeromexico during the 4th quarter worth $304,155,000. Silver Point Capital L.P. acquired a new stake in shares of Grupo Aeromexico during the fourth quarter valued at about $289,274,000. Strategic Value Partners LLC purchased a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $208,318,000. Nut Tree Capital Management LP acquired a new position in shares of Grupo Aeromexico in the fourth quarter worth about $130,652,000. Finally, Baupost Group LLC MA acquired a new position in shares of Grupo Aeromexico in the fourth quarter worth about $106,620,000.

Grupo Aeromexico Trading Up 3.5%

AERO opened at $14.04 on Friday. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05. The stock’s 50 day simple moving average is $17.52. The stock has a market capitalization of $1.91 billion and a P/E ratio of 18.72.

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.