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

Grupo Aeromexico (NYSE:AERO) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $29.4286.

Several analysts have recently commented on AERO shares. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Barclays reduced their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Zacks Research cut shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th.

Grupo Aeromexico Price Performance

Shares of Grupo Aeromexico stock opened at $14.97 on Friday. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The stock has a market cap of $2.04 billion and a P/E ratio of 18.26. The stock’s fifty day simple moving average is $14.92.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The company had revenue of $1.34 billion for the quarter. As a group, sell-side analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Institutional Trading of Grupo Aeromexico

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Grupo Aeromexico in the 1st quarter worth $56,000. Compass Rose Asset Management LP lifted its stake in shares of Grupo Aeromexico by 49.2% in 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. Walleye Capital LLC acquired a new stake in shares of Grupo Aeromexico in the first quarter valued at about $2,969,000. R Squared Ltd purchased a new stake in Grupo Aeromexico during the first quarter worth about $163,000. Finally, Mariner Investment Group LLC purchased a new stake in Grupo Aeromexico during the fourth quarter worth about $3,717,000.

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.