Grupo Aeromexico (NYSE:AERO) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Grupo Aeromexico (NYSE:AERO) from a hold rating to a buy rating in a report released on Monday morning.

A number of other research firms have also issued reports on AERO. JPMorgan Chase & Co. lowered their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note 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. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Zacks Research lowered Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Trading Down 4.3%

Grupo Aeromexico stock opened at $15.61 on Monday. The stock has a 50-day moving average price of $15.15. The stock has a market cap of $2.13 billion and a P/E ratio of 19.04. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The company had revenue of $1.34 billion for the quarter. Analysts expect that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeromexico

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $503,000. VR Advisory Services Ltd acquired a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $259,000. Quarry LP acquired a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $232,000. Sandia Investment Management LP bought a new position in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Finally, R Squared Ltd bought a new position in Grupo Aeromexico during the 1st quarter worth approximately $163,000.

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.