Grupo Aeromexico (NYSE:AERO) Stock Rating Upgraded by Wall Street Zen

Grupo Aeromexico (NYSE:AERO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities research analysts have also issued reports on the company. Zacks Research upgraded Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Barclays dropped their price objective on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. JPMorgan Chase & Co. cut their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Jefferies Financial Group started coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price for the company. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.06.

Grupo Aeromexico Price Performance

Shares of AERO opened at $15.51 on Monday. The business’s 50-day moving average is $16.61 and its 200-day moving average is $17.19. The company has a market capitalization of $2.12 billion and a price-to-earnings ratio of 18.91. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.The company had revenue of $1.48 billion during the quarter. Equities research analysts expect that Grupo Aeromexico will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total value of $546,000.00. Following the transaction, the insider owned 1,618,130 shares in the company, valued at $2,524,282.80. This trade represents a 17.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 12.82% of the company’s stock.

Institutional Investors Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently made changes to their positions in AERO. Par Capital Management Inc. acquired a new position in shares of Grupo Aeromexico in the fourth quarter valued at $304,155,000. Silver Point Capital L.P. bought a new position in shares of Grupo Aeromexico during the 4th quarter worth about $289,274,000. Strategic Value Partners LLC bought a new position in shares of Grupo Aeromexico during the 4th quarter worth about $208,318,000. Nut Tree Capital Management LP acquired a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $130,652,000. Finally, Baupost Group LLC MA bought a new position in Grupo Aeromexico during the fourth quarter worth about $106,620,000.

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.