Barclays Issues Pessimistic Forecast for Grupo Aeromexico (NYSE:AERO) Stock Price

Grupo Aeromexico (NYSE:AERO) had its price target lowered by Barclays from $32.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 82.68% from the company’s current price.

Several other analysts have also recently issued reports on AERO. Citigroup assumed coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Itau BBA Securities began coverage on Grupo Aeromexico in a report on Sunday, November 30th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Zacks Research raised Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Grupo Aeromexico Price Performance

Shares of NYSE AERO opened at $13.69 on Tuesday. The firm has a 50-day simple moving average of $18.03. The firm has a market capitalization of $1.87 billion and a PE ratio of 18.25. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Institutional Investors Weigh In On Grupo Aeromexico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Par Capital Management Inc. acquired a new position in shares of Grupo Aeromexico in the 4th quarter valued at $304,155,000. Silver Point Capital L.P. purchased a new stake in Grupo Aeromexico in the 4th quarter valued at about $289,274,000. Strategic Value Partners LLC purchased a new stake in Grupo Aeromexico in the 4th quarter valued at about $208,318,000. Nut Tree Capital Management LP acquired a new position in Grupo Aeromexico in the fourth quarter valued at about $130,652,000. Finally, Baupost Group LLC MA acquired a new position in Grupo Aeromexico in the fourth quarter valued at about $106,620,000.

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.