Grupo Aeromexico (NYSE:AERO) Price Target Lowered to $26.50 at JPMorgan Chase & Co.

Grupo Aeromexico (NYSE:AERO) had its price target reduced by JPMorgan Chase & Co. from $28.00 to $26.50 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the stock.

AERO has been the subject of several other reports. Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Barclays cut their price target on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Aeromexico has a consensus rating of “Moderate Buy” and a consensus price target of $29.21.

Grupo Aeromexico Price Performance

Shares of AERO stock opened at $17.33 on Friday. The company’s fifty day simple moving average is $15.74 and its two-hundred day simple moving average is $17.65. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The stock has a market capitalization of $2.36 billion and a price-to-earnings ratio of 21.13.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The company had revenue of $1.34 billion during the quarter. Equities research analysts anticipate that Grupo Aeromexico will post 1.13 EPS for the current year.

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Par Capital Management Inc. purchased a new position in shares of Grupo Aeromexico during the 4th quarter worth $304,155,000. Silver Point Capital L.P. purchased a new position in shares of Grupo Aeromexico during the 4th quarter worth $289,274,000. Strategic Value Partners LLC purchased a new position in shares of Grupo Aeromexico during the 4th quarter worth $208,318,000. Nut Tree Capital Management LP purchased a new position in shares of Grupo Aeromexico during the 4th quarter worth $130,652,000. Finally, Baupost Group LLC MA purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at $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.