Wall Street Zen Downgrades Grupo Aeromexico (NYSE:AERO) to Hold

Grupo Aeromexico (NYSE:AERO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts also recently weighed in on AERO. The Goldman Sachs Group upgraded Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. decreased their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating for the company in a report on Friday, June 12th. Jefferies Financial Group initiated coverage on shares of Grupo Aeromexico in a research report on Thursday, June 18th. They set a “hold” rating and a $20.00 price objective on the stock. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.06.

Grupo Aeromexico Trading Down 3.1%

Shares of AERO stock opened at $15.08 on Tuesday. The company has a market capitalization of $2.06 billion and a price-to-earnings ratio of 35.90. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05. The stock’s fifty day simple moving average is $16.62 and its 200-day simple moving average is $16.82.

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

Insider Activity

In other news, insider Aaron James Murray sold 350,000 shares of Grupo Aeromexico stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares in the company, valued at $2,524,282.80. The trade was a 17.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.82% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Grupo Aeromexico

A number of hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Grupo Aeromexico in the first quarter valued at approximately $56,000. Federated Hermes Inc. acquired a new position in shares of Grupo Aeromexico during the 4th quarter worth $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Quarry LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $232,000. Finally, R Squared Ltd acquired a new stake in shares of Grupo Aeromexico in the 1st quarter valued at $163,000.

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.