Grupo Aeromexico (NYSE:AERO) Receives $29.43 Average PT from Analysts

Shares of Grupo Aeromexico (NYSE:AERO) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.4286.

AERO has been the subject of a number of analyst reports. Wall Street Zen lowered Grupo Aeromexico from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings began coverage on Grupo Aeromexico in a research report on Tuesday, February 3rd. They set a “hold (c)” rating on the stock. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. dropped their target price on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Finally, Barclays cut their target price on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th.

Institutional Investors Weigh In On Grupo Aeromexico

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Value Partners LLC acquired a new stake in shares of Grupo Aeromexico during the 4th quarter worth approximately $208,318,000. Seven Grand Managers LLC acquired a new position in Grupo Aeromexico in the fourth quarter valued at approximately $3,294,000. Zweig DiMenna Associates LLC purchased a new position in Grupo Aeromexico in the fourth quarter worth approximately $1,976,000. Norges Bank purchased a new position in Grupo Aeromexico in the fourth quarter worth approximately $8,784,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Grupo Aeromexico during the fourth quarter worth $3,968,000.

Grupo Aeromexico Stock Down 4.6%

AERO opened at $14.95 on Tuesday. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05. The firm has a market capitalization of $2.04 billion and a price-to-earnings ratio of 19.93. The stock’s 50-day simple moving average is $15.97.

Grupo Aeromexico (NYSE:AERO) last released its quarterly earnings data on Tuesday, April 21st. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $998.93. Equities analysts anticipate that Grupo Aeromexico will post 1.08 EPS for the current 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.