Grupo Aeromexico (NYSE:AERO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Grupo Aeromexico (NYSE:AERO) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $30.00.

AERO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $25.00 price objective for the company. Evercore initiated coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price target for the company. Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings initiated coverage on Grupo Aeromexico in a research report on Tuesday, February 3rd. They set a “hold (c)” rating for the company. Finally, Wall Street Zen upgraded shares of Grupo Aeromexico to a “hold” rating in a report on Saturday, November 15th.

Grupo Aeromexico Price Performance

NYSE:AERO opened at $19.03 on Thursday. The company’s 50-day simple moving average is $20.35. Grupo Aeromexico has a twelve month low of $16.00 and a twelve month high of $23.05.

Institutional Trading of Grupo Aeromexico

An institutional investor recently bought a new position in Grupo Aeromexico stock. Strategic Value Partners LLC purchased a new position in Grupo Aeromexico (NYSE:AERO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,486,266 shares of the company’s stock, valued at approximately $208,318,000. Grupo Aeromexico comprises approximately 100.0% of Strategic Value Partners LLC’s holdings, making the stock its largest position. Strategic Value Partners LLC owned 6.95% of Grupo Aeromexico at the end of the most recent reporting period.

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.