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

Grupo Aeromexico (NYSE:AERO) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $28.0625.

AERO has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. cut their target price on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group initiated coverage on Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 price target for the company.

Grupo Aeromexico Trading Up 3.6%

Shares of AERO opened at $15.95 on Thursday. The firm has a market capitalization of $2.18 billion and a price-to-earnings ratio of 37.98. The firm’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $16.72. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05.

Grupo Aeromexico (NYSE:AERO) last issued its earnings results on Tuesday, July 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The firm had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%. On average, analysts predict that Grupo Aeromexico will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron James Murray sold 350,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider owned 1,618,130 shares in the company, valued at approximately $2,524,282.80. The trade was a 17.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Value Partners LLC purchased a new stake in Grupo Aeromexico in the fourth quarter valued at $208,318,000. Seven Grand Managers LLC purchased a new position in shares of Grupo Aeromexico during the fourth quarter worth about $3,294,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $1,976,000. Norges Bank acquired a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $8,784,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Grupo Aeromexico in the 4th quarter valued at about $3,968,000.

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.