Grupo Aeromexico (NYSE:AERO) Receives $29.25 Average Price Target from Brokerages

Shares of Grupo Aeromexico (NYSE:AERO) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.00.

AERO has been the topic of a number of recent research reports. Wall Street Zen raised Grupo Aeromexico to a “hold” rating in a research note on Saturday, November 15th. Itau BBA Securities began coverage on Grupo Aeromexico in a research report on Sunday, November 30th. They issued an “outperform” rating on the stock. Morgan Stanley began coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set an “overweight” rating and a $30.00 price target on the stock. Evercore ISI began coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, Citigroup initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $27.00 target price on the stock.

Grupo Aeromexico Stock Performance

Shares of NYSE AERO opened at $20.79 on Wednesday. Grupo Aeromexico has a 12-month low of $16.00 and a 12-month high of $22.25.

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.