Grupo Aeromexico (NYSE:AERO) Stock Price Up 7.6% – Still a Buy?

Grupo Aeromexico (NYSE:AERO) was up 7.6% on Tuesday . The stock traded as high as $19.39 and last traded at $19.37. Approximately 231,663 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 315,372 shares. The stock had previously closed at $18.00.

Analyst Ratings Changes

Several research firms have recently issued reports on AERO. Zacks Research raised Grupo Aeromexico to a “hold” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They issued a “buy” rating and a $25.00 price target on the stock. Evercore initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 target price for the company. Barclays lifted their target price on shares of Grupo Aeromexico from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Finally, Citigroup initiated coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $27.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.17.

Grupo Aeromexico Stock Performance

The stock has a fifty day moving average price of $20.32.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AERO. Federated Hermes Inc. bought a new stake in Grupo Aeromexico in the fourth quarter worth $220,000. Quarry LP bought a new position in Grupo Aeromexico in the 4th quarter worth about $232,000. HRT Financial LP purchased a new stake in Grupo Aeromexico during the 4th quarter valued at about $295,000. Squarepoint Ops LLC purchased a new stake in Grupo Aeromexico during the 4th quarter valued at about $439,000. Finally, Jane Street Group LLC bought a new stake in Grupo Aeromexico during the 4th quarter valued at about $503,000.

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.