Grupo Aeromexico (NYSE:AERO) Receives $30.00 Consensus PT from Analysts

Grupo Aeromexico (NYSE:AERO) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $30.00.

AERO has been the topic of a number of analyst reports. Wall Street Zen upgraded Grupo Aeromexico to a “hold” rating in a research report on Saturday, November 15th. Evercore assumed coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $35.00 target price for the company. Citigroup assumed coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, Itau BBA Securities started coverage on shares of Grupo Aeromexico in a research note on Sunday, November 30th. They set an “outperform” rating on the stock.

Grupo Aeromexico Stock Up 0.7%

Shares of AERO opened at $18.99 on Thursday. Grupo Aeromexico has a 1 year low of $16.00 and a 1 year high of $23.05. The stock has a 50 day moving average of $20.35.

Institutional Investors Weigh In On Grupo Aeromexico

An institutional investor recently bought a new position in Grupo Aeromexico stock. Strategic Value Partners LLC acquired a new stake in Grupo Aeromexico (NYSE:AERO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,486,266 shares of the company’s stock, valued at approximately $208,318,000. Grupo Aeromexico comprises approximately 100.0% of Strategic Value Partners LLC’s investment portfolio, making the stock its biggest holding. Strategic Value Partners LLC owned approximately 6.95% of Grupo Aeromexico as of its most recent SEC filing.

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.