Grupo Aeromexico (NYSE:AERO) Receives $30.83 Average Price Target from Brokerages

Shares of Grupo Aeromexico (NYSE:AERO) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.8333.

A number of equities research analysts have recently commented on the company. Citigroup started coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $27.00 target price on the stock. Zacks Research raised Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $25.00 price target on the stock. The Goldman Sachs Group initiated coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Weiss Ratings assumed coverage on shares of Grupo Aeromexico in a research note on Tuesday, February 3rd. They set a “hold (c)” rating on the stock.

Institutional Trading of Grupo Aeromexico

Several large investors have recently bought and sold shares of AERO. Federated Hermes Inc. acquired a new position in shares of Grupo Aeromexico in the 4th quarter valued at $220,000. Sandia Investment Management LP acquired a new position in Grupo Aeromexico in the fourth quarter valued at about $220,000. Quarry LP acquired a new position in Grupo Aeromexico in the fourth quarter valued at about $232,000. VR Advisory Services Ltd purchased a new position in Grupo Aeromexico during the fourth quarter worth about $259,000. Finally, HRT Financial LP acquired a new stake in shares of Grupo Aeromexico during the fourth quarter valued at about $295,000.

Grupo Aeromexico Stock Performance

Shares of NYSE:AERO opened at $17.89 on Monday. The stock has a 50 day simple moving average of $20.16. Grupo Aeromexico has a twelve month low of $16.00 and a twelve month high of $23.05.

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.