Wall Street Zen Upgrades Grupo Aeromexico (NYSE:AERO) to Buy

Grupo Aeromexico (NYSE:AERO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages also recently commented on AERO. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Weiss Ratings started coverage on Grupo Aeromexico in a report on Tuesday, February 3rd. They issued a “hold (c)” rating on the stock. Barclays dropped their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Stock Up 0.3%

Shares of AERO opened at $15.02 on Friday. The firm has a market cap of $2.05 billion and a P/E ratio of 20.02. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05. The stock has a 50 day simple moving average of $15.91.

Grupo Aeromexico (NYSE:AERO) last announced its earnings results on Wednesday, April 22nd. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $0.07 by $998.93. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. Sell-side analysts anticipate that Grupo Aeromexico will post 1.08 EPS for the current fiscal year.

Institutional Trading of Grupo Aeromexico

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

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.