Grupo Aeromexico (NYSE:AERO) Receives Average Recommendation of “Moderate Buy” from Analysts

Grupo Aeromexico (NYSE:AERO) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.4286.

A number of analysts have commented on AERO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $25.00 price target on the stock. Wall Street Zen raised Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Morgan Stanley initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 target price for the company. The Goldman Sachs Group started coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $35.00 price target for the company. Finally, Citigroup initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $27.00 price target on the stock.

Grupo Aeromexico Stock Up 1.2%

AERO stock opened at $13.84 on Friday. The firm has a market capitalization of $1.89 billion and a P/E ratio of 18.45. The business has a 50-day moving average of $17.91. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AERO. Federated Hermes Inc. acquired a new stake in Grupo Aeromexico in the 4th quarter valued at about $220,000. Sandia Investment Management LP acquired a new position in shares of Grupo Aeromexico in the 4th quarter worth approximately $220,000. Quarry LP bought a new stake in shares of Grupo Aeromexico in the 4th quarter worth approximately $232,000. VR Advisory Services Ltd acquired a new stake in Grupo Aeromexico during the fourth quarter valued at approximately $259,000. Finally, HRT Financial LP acquired a new stake in Grupo Aeromexico during the fourth quarter valued at approximately $295,000.

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.