Grupo Aeromexico (NYSE:AERO) Receives $29.43 Consensus Target Price from Brokerages

Shares of Grupo Aeromexico (NYSE:AERO) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $29.4286.

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Grupo Aeromexico to a “hold” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $25.00 target price for the company. Weiss Ratings initiated coverage on shares of Grupo Aeromexico in a report on Tuesday, February 3rd. They set a “hold (c)” rating for the company. Citigroup started coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th.

Grupo Aeromexico Price Performance

Shares of NYSE:AERO opened at $14.35 on Friday. The stock has a 50-day moving average price of $17.27. The stock has a market capitalization of $1.96 billion and a PE ratio of 19.13. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05.

Hedge Funds Weigh In On Grupo Aeromexico

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new position in shares of Grupo Aeromexico during the 4th quarter valued at about $220,000. Sandia Investment Management LP bought a new stake in Grupo Aeromexico during the 4th quarter worth approximately $220,000. Quarry LP purchased a new position in Grupo Aeromexico during the fourth quarter valued at approximately $232,000. VR Advisory Services Ltd purchased a new position in Grupo Aeromexico during the fourth quarter valued at approximately $259,000. Finally, HRT Financial LP bought a new position in shares of Grupo Aeromexico in the fourth quarter worth approximately $295,000.

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.