Grupo Aeromexico (NYSE:AERO) Shares Gap Down – Should You Sell?

Grupo Aeromexico (NYSE:AERO)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $20.21, but opened at $19.30. Grupo Aeromexico shares last traded at $19.40, with a volume of 921 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on AERO. Deutsche Bank Aktiengesellschaft started coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $25.00 target price on the stock. Barclays initiated coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $27.00 target price on the stock. Evercore ISI began coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set an “outperform” rating and a $36.00 price target for the company. The Goldman Sachs Group began coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Grupo Aeromexico Price Performance

The business has a fifty day simple moving average of $19.59.

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.