Analysts Set Grupo Aeromexico (NYSE:AERO) Target Price at $29.25

Grupo Aeromexico (NYSE:AERO) has earned an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.00.

AERO has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Grupo Aeromexico in a research note on Wednesday. They set a “buy” rating and a $35.00 target price on the stock. Citigroup started coverage on Grupo Aeromexico in a research report on Wednesday. They set a “buy” rating and a $27.00 price objective on the stock. Wall Street Zen upgraded Grupo Aeromexico to a “hold” rating in a report on Saturday, November 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Grupo Aeromexico in a research note on Wednesday. They set a “buy” rating and a $25.00 target price on the stock. Finally, Evercore ISI initiated coverage on shares of Grupo Aeromexico in a research note on Wednesday. They issued an “outperform” rating and a $36.00 price target for the company.

Grupo Aeromexico Trading Down 1.1%

Shares of AERO opened at $21.27 on Wednesday. Grupo Aeromexico has a twelve month low of $16.00 and a twelve month high of $22.25.

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.