Brokerages Set Grupo Aeromexico (NYSE:AERO) PT at $28.06

Grupo Aeromexico (NYSE:AERO) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $28.0625.

AERO has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Jefferies Financial Group began coverage on Grupo Aeromexico in a research note on Thursday, June 18th. They set a “hold” rating and a $20.00 price target for the company. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Finally, Weiss Ratings raised Grupo Aeromexico from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st.

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 350,000 shares of the firm’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 transaction, the insider directly owned 1,618,130 shares in the company, valued at approximately $2,524,282.80. This trade represents a 17.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.82% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Grupo Aeromexico in the 1st quarter worth about $56,000. R Squared Ltd purchased a new position in shares of Grupo Aeromexico in the 1st quarter worth approximately $163,000. Federated Hermes Inc. purchased a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico in the fourth quarter valued at approximately $220,000. Finally, Quarry LP purchased a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $232,000.

Grupo Aeromexico Stock Down 0.2%

Shares of AERO opened at $16.54 on Friday. The business’s fifty day moving average is $16.60 and its 200 day moving average is $17.45. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05. The stock has a market cap of $2.26 billion and a P/E ratio of 20.17.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The business had revenue of $1.34 billion during the quarter. On average, analysts expect that Grupo Aeromexico will post 1.14 EPS for the current year.

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.