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

Grupo Aeromexico (NYSE:AERO) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.4286.

Several brokerages recently weighed in on AERO. Barclays cut their price objective on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. JPMorgan Chase & Co. cut their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Weiss Ratings lowered shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research downgraded shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th.

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron James Murray sold 350,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $1.56, for a total value of $546,000.00. Following the completion of the sale, the insider owned 1,618,130 shares of the company’s stock, valued at approximately $2,524,282.80. This represents a 17.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.82% of the company’s stock.

Institutional Investors Weigh In On Grupo Aeromexico

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in Grupo Aeromexico in the first quarter valued at approximately $56,000. Federated Hermes Inc. bought a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $220,000. Sandia Investment Management LP bought a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $220,000. Quarry LP bought a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $232,000. Finally, R Squared Ltd bought a new stake in Grupo Aeromexico in the first quarter valued at approximately $163,000.

Grupo Aeromexico Price Performance

Shares of NYSE AERO opened at $16.06 on Friday. The firm has a 50 day simple moving average of $14.85. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 19.58.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The business had revenue of $1.34 billion for the quarter. Equities research analysts anticipate that Grupo Aeromexico will post 1.13 earnings per share for the current fiscal year.

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.