Grupo Aeromexico (NYSE:AERO) Given Average Rating of “Moderate Buy” by Analysts

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

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $25.00 target price on the stock. Citigroup initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $27.00 price target for the company. Morgan Stanley assumed coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 price objective on the stock. Zacks Research raised shares of Grupo Aeromexico to a “hold” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings started coverage on Grupo Aeromexico in a research note on Tuesday, February 3rd. They issued a “hold (c)” rating on the stock.

Grupo Aeromexico Stock Down 5.1%

Shares of AERO stock opened at $15.75 on Monday. Grupo Aeromexico has a fifty-two week low of $15.58 and a fifty-two week high of $23.05. The company has a 50 day moving average of $19.91.

Institutional Investors Weigh In On Grupo Aeromexico

Large investors have recently made changes to their positions in the business. Mariner Investment Group LLC bought a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $3,717,000. XTX Topco Ltd bought a new stake in shares of Grupo Aeromexico during the fourth quarter valued at approximately $301,000. Zimmer Partners LP purchased a new stake in Grupo Aeromexico in the fourth quarter worth $23,286,000. VR Advisory Services Ltd purchased a new stake in Grupo Aeromexico in the fourth quarter worth $259,000. Finally, Readystate Asset Management LP bought a new position in Grupo Aeromexico in the fourth quarter worth $3,009,000.

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.