Grupo Aeromexico (NYSE:AERO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Grupo Aeromexico (NYSE:AERO) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $28.0625.

A number of analysts have recently issued reports on AERO shares. Wall Street Zen cut Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Jefferies Financial Group initiated coverage on shares of Grupo Aeromexico in a research note on Thursday, June 18th. They set a “hold” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a report on Friday, June 12th. Zacks Research upgraded shares of Grupo Aeromexico from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 17th.

Insider Activity

In related news, insider Aaron James Murray sold 355,600 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total transaction of $561,848.00. Following the completion of the sale, the insider owned 1,262,530 shares in the company, valued at $1,994,797.40. This trade represents a 21.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 12.82% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Par Capital Management Inc. acquired a new position in Grupo Aeromexico during the 4th quarter valued at about $304,155,000. Silver Point Capital L.P. bought a new stake in shares of Grupo Aeromexico during the fourth quarter worth approximately $289,274,000. Strategic Value Partners LLC bought a new stake in shares of Grupo Aeromexico during the fourth quarter worth approximately $208,318,000. Nut Tree Capital Management LP acquired a new position in Grupo Aeromexico in the fourth quarter valued at approximately $130,652,000. Finally, Baupost Group LLC MA acquired a new position in Grupo Aeromexico in the fourth quarter valued at approximately $106,620,000.

Grupo Aeromexico Trading Down 3.3%

NYSE AERO opened at $14.64 on Monday. The company has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $16.09. The company has a market cap of $2.00 billion and a P/E ratio of 34.86. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05.

Grupo Aeromexico (NYSE:AERO) last issued 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 net margin of 3.78% and a negative return on equity of 25.10%. The business had revenue of $1.48 billion during the quarter. Equities research analysts forecast that Grupo Aeromexico will post 0.7 EPS for the current fiscal year.

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.