Grupo Aeromexico (NYSE:AERO) Upgraded at Zacks Research

Grupo Aeromexico (NYSE:AERO) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Monday, May 11th. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Barclays cut their price target 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. Finally, The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.43.

Grupo Aeromexico Stock Up 3.3%

AERO opened at $16.54 on Monday. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05. The company has a 50 day moving average of $14.96 and a two-hundred day moving average of $17.75. The company 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 earnings per share for the quarter. The firm had revenue of $1.34 billion during the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. Research analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the firm’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 completion of the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at $2,971,876.30. This trade represents a 23.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On Grupo Aeromexico

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Grupo Aeromexico in the first quarter worth about $56,000. R Squared Ltd bought a new stake in Grupo Aeromexico in the first quarter valued at about $163,000. Federated Hermes Inc. acquired a new stake in Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Sandia Investment Management LP bought a new position in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Finally, Quarry LP bought a new position in Grupo Aeromexico during the 4th quarter worth approximately $232,000.

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.