Grupo Aeromexico (NYSE:AERO) Given Average Rating of “Moderate Buy” by Brokerages

Grupo Aeromexico (NYSE:AERO) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $29.4286.

A number of research analysts have commented on AERO shares. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, 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 report on Thursday, March 12th.

Grupo Aeromexico Trading Up 4.8%

Shares of Grupo Aeromexico stock opened at $16.60 on Wednesday. The firm has a market cap of $2.27 billion and a P/E ratio of 20.25. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The stock’s fifty day moving average price is $15.57 and its 200-day moving average price is $17.65.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share 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. Analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Insider Activity

In other news, insider Aaron James Murray sold 600,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total value 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 approximately $2,971,876.30. The trade was a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Grupo Aeromexico

Several institutional investors and hedge funds have recently added to or reduced their stakes in AERO. Par Capital Management Inc. bought a new position in Grupo Aeromexico in the fourth quarter worth about $304,155,000. Silver Point Capital L.P. purchased a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $289,274,000. Strategic Value Partners LLC purchased a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $208,318,000. Nut Tree Capital Management LP bought a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $130,652,000. Finally, Baupost Group LLC MA bought a new position in shares of Grupo Aeromexico during the 4th quarter worth approximately $106,620,000.

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.