Grupo Aeromexico (NYSE:AERO) Rating Increased to Hold at Zacks Research

Grupo Aeromexico (NYSE:AERO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Barclays lowered their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Stock Performance

Shares of AERO stock opened at $16.54 on Monday. The stock has a fifty day moving average price of $14.96 and a 200 day moving average price of $17.75. The stock has a market cap of $2.26 billion and a PE ratio of 20.17. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05.

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%. As a group, equities research analysts predict that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Aaron James Murray sold 600,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider directly owned 1,968,130 shares in the company, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.82% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AERO. Strategic Value Partners LLC purchased a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $208,318,000. Soros Fund Management LLC purchased a new position in Grupo Aeromexico during the fourth quarter worth approximately $2,745,000. Jain Global LLC acquired a new position in shares of Grupo Aeromexico in the 4th quarter valued at $2,557,000. Squarepoint Ops LLC acquired a new position in shares of Grupo Aeromexico in the 4th quarter valued at $439,000. Finally, VR Advisory Services Ltd purchased a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $259,000.

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.