Grupo Aeromexico (NYSE:AERO) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Grupo Aeromexico (NYSE:AERO) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $28.06.

A number of research analysts recently commented on AERO shares. Weiss Ratings upgraded shares of Grupo Aeromexico from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Zacks Research downgraded Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th.

Grupo Aeromexico Stock Performance

AERO opened at $17.79 on Friday. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05. The firm has a market cap of $2.43 billion and a PE ratio of 16.94. The firm’s fifty day moving average is $15.66 and its two-hundred day moving average is $16.15.

Grupo Aeromexico (NYSE:AERO) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $1.62 billion during the quarter. Grupo Aeromexico had a net margin of 2.70% and a negative return on equity of 17.43%. Equities analysts forecast that Grupo Aeromexico will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeromexico

A number of hedge funds and other institutional investors have recently made changes to their positions in AERO. Oaktree Capital Management LP raised its position in shares of Grupo Aeromexico by 5.1% in the 1st quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company’s stock valued at $55,601,000 after buying an additional 191,700 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Grupo Aeromexico by 25.8% during the 1st quarter. Bank of America Corp DE now owns 1,439,555 shares of the company’s stock valued at $20,168,000 after purchasing an additional 295,646 shares during the last quarter. Compass Rose Asset Management LP increased its position in Grupo Aeromexico by 49.2% during the 1st quarter. Compass Rose Asset Management LP now owns 545,000 shares of the company’s stock worth $7,635,000 after purchasing an additional 179,731 shares in the last quarter. Rubric Capital Management LP acquired a new stake in Grupo Aeromexico in the first quarter valued at approximately $6,544,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Grupo Aeromexico in the first quarter valued at approximately $3,502,000.

Grupo Aeromexico Company Profile

Grupo Aeromexico is a Mexico-based airline group whose principal business is air transportation. Its operations include Aeromexico, its mainline carrier, and Aeromexico Connect, which provides regional passenger service. The group also offers air cargo services. Based in Mexico City, the company serves destinations across Mexico and operates international routes connecting the country with markets in North, Central and South America, Europe and Asia. Its network includes service for both leisure and business travelers.