Grupo Aeromexico (NYSE:AERO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeromexico (NYSE:AERO) from a hold rating to a buy rating in a research report report published on Monday.

Other equities analysts also recently issued reports about the company. Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research report on Monday, April 13th. Barclays cut their price objective on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Finally, Jefferies Financial Group started coverage on shares of Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Grupo Aeromexico currently has a consensus rating of “Moderate Buy” and an average target price of $28.06.

Grupo Aeromexico Trading Down 0.3%

AERO opened at $15.17 on Monday. The firm’s 50 day simple moving average is $16.60 and its two-hundred day simple moving average is $17.05. The company has a market capitalization of $2.07 billion and a PE ratio of 36.13. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05.

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

Insider Transactions at Grupo Aeromexico

In other Grupo Aeromexico news, insider Aaron James Murray sold 350,000 shares of the firm’s 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 sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at $2,524,282.80. This trade represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.82% of the company’s stock.

Hedge Funds Weigh In On Grupo Aeromexico

Hedge funds have recently made changes to their positions in the business. Par Capital Management Inc. purchased a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $304,155,000. Silver Point Capital L.P. bought a new position in Grupo Aeromexico in the 4th quarter worth approximately $289,274,000. Strategic Value Partners LLC bought a new position in Grupo Aeromexico in the 4th quarter worth approximately $208,318,000. Nut Tree Capital Management LP bought a new position in Grupo Aeromexico in the 4th quarter worth approximately $130,652,000. Finally, Baupost Group LLC MA purchased a new stake in Grupo Aeromexico during the 4th quarter valued at approximately $106,620,000.

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.