Grupo Aeromexico (NYSE:AERO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Grupo Aeromexico (NYSE:AERO) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $29.2143.

A number of analysts recently weighed in on AERO shares. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday, June 12th. Finally, The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th.

Grupo Aeromexico Trading Down 1.1%

Grupo Aeromexico stock opened at $17.40 on Wednesday. The firm’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $17.64. The firm has a market capitalization of $2.37 billion and a PE ratio of 21.22. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05.

Grupo Aeromexico (NYSE:AERO) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The business had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Research 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 600,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Grupo Aeromexico

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in shares of Grupo Aeromexico during the 1st quarter valued at $56,000. Federated Hermes Inc. bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Quarry LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $232,000. Finally, R Squared Ltd bought a new position in shares of Grupo Aeromexico during the 1st quarter valued at $163,000.

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.