The Goldman Sachs Group Upgrades Grupo Aeromexico (NYSE:AERO) to “Strong-Buy”

Grupo Aeromexico (NYSE:AERO) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

AERO has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Morgan Stanley started coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 target price on the stock. Barclays lowered their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen cut shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Aeromexico presently has an average rating of “Moderate Buy” and a consensus target price of $29.43.

Grupo Aeromexico Stock Up 1.6%

NYSE AERO opened at $15.44 on Monday. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The stock has a market cap of $2.11 billion and a PE ratio of 20.59. The business has a 50 day moving average price of $16.39.

Hedge Funds Weigh In On Grupo Aeromexico

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $220,000. Quarry LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $232,000. VR Advisory Services Ltd bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $259,000. Finally, HRT Financial LP bought a new position in shares of Grupo Aeromexico during the 4th quarter valued at $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.