Grupo Aeromexico (NYSE:AERO) Price Target Lowered to $25.00 at Barclays

Grupo Aeromexico (NYSE:AERO) had its price objective trimmed by Barclays from $32.00 to $25.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Evercore initiated coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 target price on the stock. Morgan Stanley initiated coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 target price on the stock. The Goldman Sachs Group assumed coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They set a “buy” rating and a $35.00 price target for the company. Finally, Wall Street Zen raised Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.43.

Grupo Aeromexico Stock Down 1.9%

AERO stock opened at $13.15 on Tuesday. The firm’s 50 day simple moving average is $18.14. Grupo Aeromexico has a 52-week low of $12.26 and a 52-week high of $23.05. The stock has a market capitalization of $1.79 billion and a price-to-earnings ratio of 17.54.

Institutional Trading of Grupo Aeromexico

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

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.