Grupo Aeromexico (NYSE:AERO) Sets New 1-Year Low – Here’s Why

Grupo Aeromexico (NYSE:AERO)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $14.15 and last traded at $14.4090, with a volume of 553203 shares traded. The stock had previously closed at $16.17.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AERO shares. Weiss Ratings assumed coverage on shares of Grupo Aeromexico in a research report on Tuesday, February 3rd. They set a “hold (c)” rating on the stock. Itau BBA Securities assumed coverage on Grupo Aeromexico in a research report on Sunday, November 30th. They set an “outperform” rating on the stock. Wall Street Zen upgraded Grupo Aeromexico from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Citigroup assumed coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a research note on Thursday, December 18th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Grupo Aeromexico has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Grupo Aeromexico Stock Performance

The company’s fifty day moving average is $19.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new stake in Grupo Aeromexico in the fourth quarter worth $220,000. Sandia Investment Management LP purchased a new stake in shares of Grupo Aeromexico in the fourth quarter worth $220,000. Quarry LP bought a new position in shares of Grupo Aeromexico during the fourth quarter valued at $232,000. VR Advisory Services Ltd bought a new position in shares of Grupo Aeromexico during the fourth quarter valued at $259,000. Finally, HRT Financial LP purchased a new position in shares of Grupo Aeromexico in the 4th quarter worth about $295,000.

Grupo Aeromexico Company Profile

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.