Grupo Aeromexico (NYSE:AERO) Stock Rating Upgraded by Wall Street Zen

Grupo Aeromexico (NYSE:AERO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other equities analysts have also recently issued reports on AERO. Barclays lowered their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Zacks Research raised Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. JPMorgan Chase & Co. reduced their price target on Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday, June 12th. Jefferies Financial Group initiated coverage on Grupo Aeromexico in a research note on Thursday, June 18th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.06.

Grupo Aeromexico Price Performance

Shares of Grupo Aeromexico stock opened at $15.23 on Monday. The company’s 50 day moving average price is $16.60 and its two-hundred day moving average price is $17.10. The firm has a market capitalization of $2.08 billion and a P/E ratio of 18.57. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05.

Grupo Aeromexico (NYSE:AERO) last announced its quarterly earnings results on Tuesday, July 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.The company had revenue of $1.48 billion for the quarter. On average, analysts expect that Grupo Aeromexico will post 1.05 earnings per share for the current year.

Insider Activity

In other news, insider Aaron James Murray sold 600,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the sale, the insider directly owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. This represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Grupo Aeromexico during the 1st quarter worth about $56,000. R Squared Ltd acquired a new position in shares of Grupo Aeromexico in the 1st quarter valued at about $163,000. Federated Hermes Inc. bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $220,000. Sandia Investment Management LP bought a new stake in shares of Grupo Aeromexico during the 4th quarter valued at about $220,000. Finally, Quarry LP acquired a new stake in Grupo Aeromexico during the fourth quarter worth approximately $232,000.

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.