Grupo Aeromexico (NYSE:AERO) Price Target Lowered to $25.00 at Barclays

Grupo Aeromexico (NYSE:AERO) had its target price cut by equities research analysts at Barclays from $32.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 92.23% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Weiss Ratings began coverage on Grupo Aeromexico in a research note on Tuesday, February 3rd. They issued a “hold (c)” rating on the stock. Itau BBA Securities initiated coverage on Grupo Aeromexico in a report on Sunday, November 30th. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. The Goldman Sachs Group assumed coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Evercore initiated coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Price Performance

Shares of AERO stock traded down $0.40 on Tuesday, reaching $13.01. The company’s stock had a trading volume of 45,610 shares, compared to its average volume of 484,269. The firm has a market cap of $1.77 billion and a P/E ratio of 17.33. Grupo Aeromexico has a 12-month low of $12.26 and a 12-month high of $23.05. The company has a 50 day simple moving average of $18.28.

Hedge Funds Weigh In On Grupo Aeromexico

Hedge funds and other institutional investors have recently modified their holdings of the company. Par Capital Management Inc. bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at about $304,155,000. Silver Point Capital L.P. bought a new stake in Grupo Aeromexico in the 4th quarter worth approximately $289,274,000. Strategic Value Partners LLC purchased a new stake in Grupo Aeromexico in the fourth quarter worth approximately $208,318,000. Nut Tree Capital Management LP purchased a new stake in Grupo Aeromexico in the fourth quarter worth approximately $130,652,000. Finally, Baupost Group LLC MA bought a new position in Grupo Aeromexico during the fourth quarter valued at approximately $106,620,000.

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.