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

Grupo Aeromexico (NYSE:AERO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Tuesday.

AERO has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped 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, June 12th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. 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 target for the company. Finally, The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Grupo Aeromexico currently has an average rating of “Moderate Buy” and a consensus target price of $28.06.

Grupo Aeromexico Price Performance

NYSE AERO opened at $15.20 on Tuesday. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The firm has a market capitalization of $2.07 billion and a PE ratio of 36.19. The company’s 50 day simple moving average is $16.61 and its 200 day simple moving average is $16.91.

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

Insider Activity

In other news, insider Aaron James Murray sold 350,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at $2,524,282.80. This represents a 17.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Grupo Aeromexico

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