Grupo Aeromexico (NYSE:AERO) Rating Lowered to Hold at Wall Street Zen

Grupo Aeromexico (NYSE:AERO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other brokerages have also recently commented on AERO. 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. Weiss Ratings raised shares of Grupo Aeromexico from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. Jefferies Financial Group began coverage on Grupo Aeromexico in a research report on Thursday, June 18th. They issued a “hold” rating and a $20.00 price target for the company. Finally, Barclays reduced their price objective on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Grupo Aeromexico has a consensus rating of “Moderate Buy” and an average price target of $28.06.

Grupo Aeromexico Trading Up 0.1%

Shares of AERO stock traded up $0.02 on Friday, reaching $16.64. The company’s stock had a trading volume of 97,121 shares, compared to its average volume of 278,275. The stock’s fifty day simple moving average is $16.63 and its 200-day simple moving average is $17.44. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The company has a market capitalization of $2.27 billion and a price-to-earnings ratio of 20.30.

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

Insiders Place Their Bets

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total transaction of $906,000.00. Following the transaction, the insider owned 1,968,130 shares in the company, valued at $2,971,876.30. The trade was a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On Grupo Aeromexico

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

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.