Grupo Aeromexico (NYSE:AERO) Stock Has Consensus Target Price of $28.06

Grupo Aeromexico (NYSE:AERO) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $28.06.

A number of research firms recently weighed in on AERO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Aeromexico in a report on Thursday. Zacks Research lowered shares of Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th.

Insider Activity at Grupo Aeromexico

In other Grupo Aeromexico news, insider Aaron Murray sold 355,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the sale, the insider owned 1,262,530 shares in the company, valued at approximately $1,994,797.40. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.82% of the company’s stock.

Hedge Funds Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Grupo Aeromexico in the 1st quarter worth approximately $56,000. R Squared Ltd bought a new stake in Grupo Aeromexico during the 1st quarter valued at $163,000. Element Capital Management LLC bought a new stake in Grupo Aeromexico during the 4th quarter valued at $798,000. Mariner Investment Group LLC bought a new stake in Grupo Aeromexico during the 4th quarter valued at $3,717,000. Finally, Compass Rose Asset Management LP boosted its position in Grupo Aeromexico by 49.2% during the 1st quarter. Compass Rose Asset Management LP now owns 545,000 shares of the company’s stock worth $7,635,000 after acquiring an additional 179,731 shares during the period.

Grupo Aeromexico Stock Performance

Shares of AERO opened at $16.01 on Tuesday. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The company has a market cap of $2.18 billion and a price-to-earnings ratio of 38.13. The firm has a fifty day moving average of $15.42 and a 200-day moving average of $15.81.

Grupo Aeromexico Company Profile

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico’s principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets.

Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers.

Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico.