Analysts Set Grupo Aeromexico (NYSE:AERO) Price Target at $29.43

Grupo Aeromexico (NYSE:AERO) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $29.2143.

Several research firms have weighed in on AERO. Wall Street Zen lowered Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. decreased their price objective on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th.

Insider Activity at Grupo Aeromexico

In other news, insider Aaron James Murray sold 600,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total value of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares in the company, valued at $2,971,876.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.82% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Grupo Aeromexico

Large investors have recently modified their holdings of the company. Strategic Value Partners LLC purchased a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $208,318,000. Seven Grand Managers LLC acquired a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $3,294,000. Zweig DiMenna Associates LLC acquired a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $1,976,000. Norges Bank acquired a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $8,784,000. Finally, Goldman Sachs Group Inc. acquired a new position in Grupo Aeromexico during the 4th quarter valued at approximately $3,968,000.

Grupo Aeromexico Stock Performance

Shares of NYSE AERO opened at $17.33 on Wednesday. The firm has a market capitalization of $2.36 billion and a P/E ratio of 21.13. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05. The company’s fifty day moving average is $15.74 and its two-hundred day moving average is $17.65.

Grupo Aeromexico (NYSE:AERO) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The company had revenue of $1.34 billion for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%. On average, sell-side analysts forecast that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

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.