Grupo Aeromexico (NYSE:AERO) Stock Has Average Price Target of $28.06

Grupo Aeromexico (NYSE:AERO) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.06.

Several research firms have weighed in on AERO. Zacks Research lowered shares of Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Aeromexico in a research report on Thursday.

Grupo Aeromexico Trading Down 0.6%

Shares of AERO opened at $15.88 on Tuesday. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The business’s 50-day moving average is $15.43 and its 200-day moving average is $15.84.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings results on Monday, October 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $1.62 billion during the quarter. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%. Sell-side analysts predict that Grupo Aeromexico will post 0.50 EPS for the current fiscal year.

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron Murray sold 355,600 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the sale, the insider directly owned 1,262,530 shares in the company, valued at approximately $1,994,797.40. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AERO. Oaktree Capital Management LP grew its position in shares of Grupo Aeromexico by 5.1% in the first quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company’s stock valued at $55,601,000 after purchasing an additional 191,700 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Grupo Aeromexico by 25.8% in the first quarter. Bank of America Corp DE now owns 1,439,555 shares of the company’s stock worth $20,168,000 after purchasing an additional 295,646 shares during the period. 140 Summer Partners LP acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth about $28,513,000. Compass Rose Asset Management LP lifted its position in shares of Grupo Aeromexico by 49.2% during the 1st quarter. Compass Rose Asset Management LP now owns 545,000 shares of the company’s stock worth $7,635,000 after purchasing an additional 179,731 shares during the last quarter. Finally, Rubric Capital Management LP bought a new stake in Grupo Aeromexico during the 1st quarter valued at approximately $6,544,000.

About Grupo Aeromexico

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico’s principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets.

Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers.

Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico.