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

Grupo Aeromexico (NYSE:AERO) has received an average rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.0625.

AERO has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a report on Friday, June 12th. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Jefferies Financial Group began coverage on Grupo Aeromexico in a research report on Thursday, June 18th. They set a “hold” rating and a $20.00 price target on the stock. Weiss Ratings lowered Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 600,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was 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. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Grupo Aeromexico

Institutional investors have recently made changes to their positions in the stock. Strategic Value Partners LLC acquired a new stake in Grupo Aeromexico during the fourth quarter worth approximately $208,318,000. Seven Grand Managers LLC acquired a new position in Grupo Aeromexico in the 4th quarter valued at $3,294,000. Zweig DiMenna Associates LLC bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $1,976,000. Norges Bank bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at $8,784,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Grupo Aeromexico during the 4th quarter worth $3,968,000.

Grupo Aeromexico Stock Performance

Shares of NYSE:AERO opened at $15.08 on Thursday. The company has a 50 day moving average price of $16.62 and a two-hundred day moving average price of $16.82. The company has a market capitalization of $2.06 billion and a PE ratio of 35.90. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, July 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The firm had revenue of $1.48 billion during the quarter. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. On average, sell-side analysts forecast that Grupo Aeromexico will post 1.05 earnings per share 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.