Analysts Set Grupo Aeromexico (NYSE:AERO) Price Target at $30.00

Grupo Aeromexico (NYSE:AERO) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.00.

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $35.00 price target on the stock. Wall Street Zen upgraded Grupo Aeromexico to a “hold” rating in a report on Saturday, November 15th. Deutsche Bank Aktiengesellschaft started coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $25.00 target price on the stock. Barclays began coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $27.00 price target for the company. Finally, Evercore ISI initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price objective on the stock.

Grupo Aeromexico Price Performance

Shares of NYSE AERO opened at $19.95 on Friday. The business’s fifty day moving average is $19.59. Grupo Aeromexico has a 1-year low of $16.00 and a 1-year high of $23.05.

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.