Grupo Aeromexico (NYSE:AERO) Receives $28.06 Average Target Price from Analysts

Grupo Aeromexico (NYSE:AERO) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $28.0625.

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

Insider Transactions at Grupo Aeromexico

In other Grupo Aeromexico news, insider Aaron James Murray sold 355,600 shares of Grupo Aeromexico stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the transaction, the insider directly owned 1,262,530 shares in the company, valued at $1,994,797.40. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Grupo Aeromexico

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Value Partners LLC bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth approximately $208,318,000. Seven Grand Managers LLC bought a new position in Grupo Aeromexico during the 4th quarter worth $3,294,000. Zweig DiMenna Associates LLC acquired a new stake in Grupo Aeromexico in the fourth quarter worth $1,976,000. Norges Bank acquired a new stake in Grupo Aeromexico in the fourth quarter worth $8,784,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Grupo Aeromexico in the fourth quarter worth $3,968,000.

Grupo Aeromexico Stock Down 0.1%

NYSE:AERO opened at $14.64 on Monday. The business’s 50 day moving average is $15.96 and its two-hundred day moving average is $16.07. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05. The company has a market cap of $2.00 billion and a PE ratio of 34.86.

Grupo Aeromexico (NYSE:AERO) last issued 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 firm had revenue of $1.48 billion during the quarter. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. As a group, sell-side analysts expect that Grupo Aeromexico will post 0.7 EPS for the current fiscal year.

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.