Grupo Aeromexico (NYSE:AERO) Stock Rating Lowered by Zacks Research

Grupo Aeromexico (NYSE:AERO) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on AERO. Weiss Ratings cut Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Jefferies Financial Group began coverage on Grupo Aeromexico in a research report on Thursday, June 18th. They issued a “hold” rating and a $20.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Grupo Aeromexico presently has an average rating of “Moderate Buy” and an average target price of $28.06.

Grupo Aeromexico Stock Down 3.3%

Shares of AERO opened at $14.64 on Thursday. The stock has a market cap of $2.00 billion and a P/E ratio of 34.86. The business’s 50 day moving average price is $15.96 and its 200-day moving average price is $16.09. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The company had revenue of $1.48 billion for the quarter. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. On average, equities analysts anticipate that Grupo Aeromexico will post 0.7 EPS for the current year.

Insider Activity at Grupo Aeromexico

In other news, insider Aaron James Murray sold 355,600 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the transaction, the insider owned 1,262,530 shares in the company, valued at $1,994,797.40. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 AERO. Public Employees Retirement System of Ohio purchased a new position in Grupo Aeromexico in the 1st quarter worth about $56,000. Federated Hermes Inc. bought a new position in Grupo Aeromexico during the 4th quarter valued at about $220,000. Sandia Investment Management LP purchased a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $220,000. Quarry LP purchased a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $232,000. Finally, R Squared Ltd bought a new stake in shares of Grupo Aeromexico in the first quarter worth approximately $163,000.

Grupo Aeromexico Company Profile

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.