Grupo Aeromexico (NYSE:AERO) Shares Gap Down – What’s Next?

Grupo Aeromexico (NYSE:AERO)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $20.21, but opened at $19.30. Grupo Aeromexico shares last traded at $19.40, with a volume of 921 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AERO. The Goldman Sachs Group started coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They issued a “buy” rating and a $35.00 price target on the stock. Wall Street Zen upgraded shares of Grupo Aeromexico to a “hold” rating in a research note on Saturday, November 15th. Barclays began coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They issued an “overweight” rating and a $27.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Citigroup assumed coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They set a “buy” rating and a $27.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Grupo Aeromexico Stock Up 2.4%

The stock has a 50 day moving average of $19.59.

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.