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

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

Several other research firms have also issued reports on AERO. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note 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 on the stock in a research note on Tuesday, March 24th. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group started coverage on shares of Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.06.

Grupo Aeromexico Stock Up 0.2%

Shares of NYSE AERO opened at $18.35 on Friday. The business’s 50 day moving average is $16.27 and its two-hundred day moving average is $17.58. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05. The firm has a market cap of $2.50 billion and a price-to-earnings ratio of 22.38.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a negative return on equity of 41.04% and a net margin of 6.17%.The business had revenue of $1.34 billion during the quarter. Analysts anticipate that Grupo Aeromexico will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Aaron James Murray sold 600,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total transaction of $906,000.00. Following the completion of the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. The trade was 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 owned by insiders.

Hedge Funds Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Grupo Aeromexico during the first quarter worth approximately $56,000. R Squared Ltd purchased a new position in Grupo Aeromexico in the first quarter worth approximately $163,000. Federated Hermes Inc. acquired a new position in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Sandia Investment Management LP acquired a new position in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Finally, Quarry LP purchased a new stake in shares of Grupo Aeromexico in the 4th quarter valued at approximately $232,000.

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.