Grupo Aeromexico (NYSE:AERO) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Grupo Aeromexico (NYSE:AERO) from a hold rating to a buy rating in a research report report published on Monday.

Several other equities analysts also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Barclays lowered 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 report on Tuesday, March 24th. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a research note on Friday, June 12th. Jefferies Financial Group started coverage on Grupo Aeromexico in a research report on Thursday, June 18th. They set a “hold” rating and a $20.00 price objective for the company. Finally, Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.06.

Grupo Aeromexico Stock Performance

Grupo Aeromexico stock opened at $15.51 on Monday. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 18.92. The stock’s fifty day moving average is $16.60 and its two-hundred day moving average is $17.15.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.48 billion for the quarter. As a group, sell-side analysts forecast that Grupo Aeromexico will post 1.05 EPS for the current fiscal year.

Insider Activity at Grupo Aeromexico

In other news, insider Aaron James Murray sold 350,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,618,130 shares of the company’s stock, valued at $2,524,282.80. The trade was a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of Grupo Aeromexico

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Grupo Aeromexico in the 1st quarter valued at $56,000. R Squared Ltd acquired a new stake in shares of Grupo Aeromexico during the first quarter worth $163,000. Federated Hermes Inc. acquired a new stake in shares of Grupo Aeromexico during the fourth quarter worth $220,000. Sandia Investment Management LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $220,000. Finally, Quarry LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $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.