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

Grupo Aeromexico (NYSE:AERO) has earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.0625.

A number of equities analysts have recently weighed in on AERO shares. JPMorgan Chase & Co. lowered their target price on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research report on Friday, June 12th. 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. Jefferies Financial Group started coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They set a “hold” rating and a $20.00 price target for the company. Zacks Research upgraded shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th.

Grupo Aeromexico Price Performance

Shares of Grupo Aeromexico stock opened at $16.02 on Thursday. The business has a 50-day simple moving average of $16.57 and a 200 day simple moving average of $16.67. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 38.14.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings results 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 firm had revenue of $1.48 billion during the quarter. On average, sell-side analysts expect that Grupo Aeromexico will post 1.05 EPS for the current year.

Insider Buying and Selling at Grupo Aeromexico

In related news, insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $1.56, for a total value of $546,000.00. Following the transaction, the insider owned 1,618,130 shares of the company’s stock, valued at approximately $2,524,282.80. This trade represents a 17.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.82% of the stock is owned by corporate insiders.

Institutional Trading of Grupo Aeromexico

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AERO. Bank of America Corp DE lifted its holdings in shares of Grupo Aeromexico by 25.8% in the first quarter. Bank of America Corp DE now owns 1,439,555 shares of the company’s stock valued at $20,168,000 after purchasing an additional 295,646 shares in the last quarter. Oaktree Capital Management LP grew its holdings in Grupo Aeromexico by 5.1% during the first quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company’s stock worth $55,601,000 after buying an additional 191,700 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Grupo Aeromexico in the 1st quarter valued at $6,544,000. The Manufacturers Life Insurance Company purchased a new stake in Grupo Aeromexico in the 1st quarter valued at $3,502,000. Finally, Public Employees Retirement System of Ohio bought a new position in Grupo Aeromexico during the 1st quarter valued at $56,000.

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.