Grupo Aeromexico (NYSE:AERO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Grupo Aeromexico (NYSE:AERO) has received an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $28.0625.

Several brokerages recently weighed in on AERO. Weiss Ratings upgraded Grupo Aeromexico from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Barclays cut their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Jefferies Financial Group assumed coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price for the company. Finally, Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th.

Insider Activity

In other news, insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the sale, the insider directly owned 1,618,130 shares in the company, valued at $2,524,282.80. This trade represents a 17.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Grupo Aeromexico in the 1st quarter valued at $56,000. Federated Hermes Inc. purchased a new position in Grupo Aeromexico during the fourth quarter valued at $220,000. Sandia Investment Management LP purchased a new position in Grupo Aeromexico during the fourth quarter valued at $220,000. Quarry LP acquired a new stake in shares of Grupo Aeromexico in the fourth quarter valued at about $232,000. Finally, R Squared Ltd purchased a new stake in shares of Grupo Aeromexico during the first quarter worth about $163,000.

Grupo Aeromexico Trading Up 0.1%

AERO traded up $0.02 during midday trading on Friday, hitting $16.64. 97,121 shares of the company were exchanged, compared to its average volume of 278,275. The company’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $17.44. The firm has a market capitalization of $2.27 billion and a price-to-earnings ratio of 20.30. 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 data on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The business had revenue of $1.34 billion during the quarter. On average, equities analysts anticipate that Grupo Aeromexico will post 1.14 EPS for the current year.

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.