Grupo Aeromexico (NYSE:AERO) Given New $26.50 Price Target at JPMorgan Chase & Co.

Grupo Aeromexico (NYSE:AERO) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $28.00 to $26.50 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 52.56% from the stock’s previous close.

A number of other research firms also recently weighed in on AERO. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Barclays dropped their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeromexico presently has an average rating of “Moderate Buy” and a consensus price target of $29.21.

Grupo Aeromexico Stock Up 1.2%

AERO traded up $0.20 during trading on Friday, hitting $17.37. The company’s stock had a trading volume of 48,336 shares, compared to its average volume of 397,698. The firm’s 50 day moving average price is $15.68 and its two-hundred day moving average price is $17.65. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The stock has a market capitalization of $2.37 billion and a price-to-earnings ratio of 21.18.

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

Insider Activity at Grupo Aeromexico

In related news, insider Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at $2,524,282.80. The trade was a 17.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Grupo Aeromexico

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Grupo Aeromexico during the first quarter worth $56,000. R Squared Ltd acquired a new stake in shares of Grupo Aeromexico during the first quarter worth $163,000. Federated Hermes Inc. acquired a new stake in shares of Grupo Aeromexico during the fourth quarter worth $220,000. Sandia Investment Management LP acquired a new stake in shares of Grupo Aeromexico during the fourth quarter worth $220,000. Finally, Quarry LP acquired a new stake in shares of Grupo Aeromexico during the fourth quarter worth $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.