Grupo Aeromexico (NYSE:AERO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Grupo Aeromexico (NYSE:AERO) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Monday, May 11th. Barclays decreased their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.43.

Grupo Aeromexico Price Performance

Shares of AERO stock opened at $16.54 on Monday. The firm has a market cap of $2.26 billion and a P/E ratio of 20.17. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05. The firm has a fifty day moving average of $14.96 and a two-hundred day moving average of $17.75.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The company had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. On average, sell-side analysts expect that Grupo Aeromexico will post 1.13 EPS for the current year.

Insider Activity

In other news, insider Aaron James Murray sold 600,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.82% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Grupo Aeromexico in the 1st quarter worth about $56,000. R Squared Ltd bought a new stake in Grupo Aeromexico in the 1st quarter valued at about $163,000. Federated Hermes Inc. bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $220,000. Sandia Investment Management LP bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $220,000. Finally, Quarry LP bought a new stake in Grupo Aeromexico in the 4th quarter valued at about $232,000.

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.