Grupo Aeromexico (NYSE:AERO) Stock Rating Lowered by Zacks Research

Grupo Aeromexico (NYSE:AERO) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on AERO. JPMorgan Chase & Co. lowered their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Barclays cut their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Grupo Aeromexico Stock Down 0.2%

NYSE:AERO opened at $16.30 on Thursday. The stock has a 50-day simple moving average of $15.30. The stock has a market cap of $2.22 billion and a P/E ratio of 19.88. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $998.93. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. As a group, analysts expect that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Institutional Trading of Grupo Aeromexico

Large investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in shares of Grupo Aeromexico during the first quarter valued at approximately $163,000. Mariner Investment Group LLC purchased a new stake in Grupo Aeromexico in the fourth quarter worth approximately $3,717,000. XTX Topco Ltd bought a new stake in Grupo Aeromexico in the 4th quarter worth approximately $301,000. Zimmer Partners LP bought a new stake in Grupo Aeromexico in the 4th quarter worth approximately $23,286,000. Finally, VR Advisory Services Ltd purchased a new stake in Grupo Aeromexico during the 4th quarter valued at $259,000.

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.