Grupo Aeromexico (NYSE:AERO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Grupo Aeromexico (NYSE:AERO) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.06.

Several equities analysts recently issued reports on AERO shares. Zacks Research cut Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Jefferies Financial Group assumed coverage on shares of Grupo Aeromexico in a research report on Thursday, June 18th. They set a “hold” rating and a $20.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a research report on Friday, June 12th.

Grupo Aeromexico Stock Down 1.4%

Shares of NYSE:AERO opened at $15.58 on Friday. The company has a market cap of $2.13 billion and a P/E ratio of 37.09. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05. The business has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $15.62.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The business had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. Sell-side analysts expect that Grupo Aeromexico will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Grupo Aeromexico

In related news, insider Aaron Murray sold 355,600 shares of Grupo Aeromexico stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the transaction, the insider owned 1,262,530 shares in the company, valued at $1,994,797.40. This trade represents a 21.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 12.82% of the company’s stock.

Hedge Funds Weigh In On Grupo Aeromexico

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Grupo Aeromexico in the first quarter valued at approximately $56,000. R Squared Ltd acquired a new stake in Grupo Aeromexico during the first quarter worth approximately $163,000. Sagil Capital LLP acquired a new position in shares of Grupo Aeromexico in the fourth quarter valued at about $784,000. Element Capital Management LLC acquired a new position in Grupo Aeromexico in the 4th quarter valued at $798,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Grupo Aeromexico during the 4th quarter worth approximately $1,976,000.

Grupo Aeromexico Company Profile

Grupo Aeroméxico, SAB. de C.V. is a Mexican airline holding company whose principal business is the operation of scheduled passenger and cargo air transportation services. Through its airline operations, the company serves domestic routes within Mexico as well as international destinations in North, Central and South America, Europe and Asia.

The company’s primary carrier, Aeroméxico, offers commercial air travel under the Aeroméxico brand, while Aeroméxico Connect provides regional and short- to medium-haul service.