Grupo Aeromexico (NYSE:AERO) Given Consensus Rating of “Moderate Buy” by Brokerages

Grupo Aeromexico (NYSE:AERO) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $30.8333.

Several research firms have commented on AERO. Barclays boosted their price target on shares of Grupo Aeromexico from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Itau BBA Securities initiated coverage on Grupo Aeromexico in a research note on Sunday, November 30th. They set an “outperform” rating for the company. Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. The Goldman Sachs Group initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $25.00 price objective for the company.

Grupo Aeromexico Stock Down 4.5%

Shares of AERO stock opened at $18.99 on Monday. Grupo Aeromexico has a fifty-two week low of $16.00 and a fifty-two week high of $23.05. The company has a 50 day simple moving average of $20.39.

Institutional Investors Weigh In On Grupo Aeromexico

Hedge funds and other institutional investors have recently modified their holdings of the company. Par Capital Management Inc. purchased a new position in Grupo Aeromexico during the 4th quarter worth approximately $304,155,000. Silver Point Capital L.P. purchased a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $289,274,000. Strategic Value Partners LLC acquired a new stake in shares of Grupo Aeromexico in the fourth quarter valued at approximately $208,318,000. Nut Tree Capital Management LP purchased a new position in shares of Grupo Aeromexico during the fourth quarter worth approximately $130,652,000. Finally, Baupost Group LLC MA acquired a new position in shares of Grupo Aeromexico in the 4th quarter valued at $106,620,000.

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.