Grupo Aeromexico (NYSE:AERO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Grupo Aeromexico (NYSE:AERO) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $28.0625.

Several brokerages have recently issued reports on AERO. Jefferies Financial Group initiated coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price on the stock. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Wall Street Zen raised Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Barclays cut their price target on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Finally, Weiss Ratings upgraded Grupo Aeromexico from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday.

Grupo Aeromexico Price Performance

AERO stock opened at $17.46 on Friday. The business has a fifty day moving average price of $16.44 and a 200 day moving average price of $17.57. The stock has a market capitalization of $2.38 billion and a price-to-earnings ratio of 21.29. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The firm 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, equities analysts expect that Grupo Aeromexico will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron James Murray sold 600,000 shares of the firm’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 completion of the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. This trade represents a 23.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Grupo Aeromexico

A number of large investors have recently modified their holdings of the business. Monashee Investment Management LLC acquired a new stake in shares of Grupo Aeromexico in the 4th quarter valued at approximately $2,012,000. Strategic Value Partners LLC acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $208,318,000. Seven Grand Managers LLC bought a new position in Grupo Aeromexico during the fourth quarter worth $3,294,000. Zweig DiMenna Associates LLC acquired a new position in Grupo Aeromexico in the 4th quarter valued at about $1,976,000. Finally, Fourth Sail Capital LP bought a new position in shares of Grupo Aeromexico during the fourth quarter worth approximately $24,156,000.

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.