Grupo Aeromexico (NYSE:AERO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Grupo Aeromexico (NYSE:AERO) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.0625.

A number of equities analysts have recently issued reports on the stock. 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 objective on the stock. Wall Street Zen cut Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Zacks Research lowered Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th.

Grupo Aeromexico Price Performance

AERO stock opened at $14.85 on Friday. Grupo Aeromexico has a 1-year low of $12.26 and a 1-year high of $23.05. The business has a 50-day moving average price of $15.30 and a 200 day moving average price of $15.66. The company has a market capitalization of $2.03 billion and a P/E ratio of 35.35.

Grupo Aeromexico (NYSE:AERO) last posted its earnings results on Tuesday, July 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. The business had revenue of $1.48 billion for the quarter. On average, analysts anticipate that Grupo Aeromexico will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Grupo Aeromexico news, insider Aaron Murray sold 355,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the sale, the insider directly owned 1,262,530 shares in the company, valued at $1,994,797.40. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.82% of the stock is owned by insiders.

Institutional Investors Weigh In On Grupo Aeromexico

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Grupo Aeromexico during the first quarter valued at $56,000. R Squared Ltd acquired a new position in Grupo Aeromexico in the first quarter valued at approximately $163,000. Sagil Capital LLP purchased a new stake in Grupo Aeromexico during the fourth quarter worth $784,000. Element Capital Management LLC acquired a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $798,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Grupo Aeromexico in the fourth quarter valued at approximately $1,976,000.

About Grupo Aeromexico

Grupo Aeroméxico, SAB. de C.V. is a Mexican airline holding company whose principal business is the operation of scheduled passenger and cargo air transportation services. Through its airline operations, the company serves domestic routes within Mexico as well as international destinations in North, Central and South America, Europe and Asia.

The company’s primary carrier, Aeroméxico, offers commercial air travel under the Aeroméxico brand, while Aeroméxico Connect provides regional and short- to medium-haul service.