Grupo Aeromexico (NYSE:AERO) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts give Grupo Aeromexico a consensus “Moderate Buy” rating: Seven of 11 analysts recommend buying, one recommends a strong buy, and three rate it hold. The average 12-month price target is $28.06.
• The airline reported quarterly earnings of $0.28 per share, slightly below the $0.29 analyst consensus, on revenue of $1.62 billion.
• Insider Aaron Murray sold 355,600 shares, reducing his direct stake by 21.98%; company insiders collectively own 12.82% of the stock.

Grupo Aeromexico (NYSE:AERO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.06.

Several research firms recently issued reports on AERO. Weiss Ratings raised Grupo Aeromexico from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 30th. Wall Street Zen cut Grupo Aeromexico from a "buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Zacks Research downgraded Grupo Aeromexico from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th.

Insider Buying and Selling

In other news, insider Aaron Murray sold 355,600 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total transaction of $561,848.00. Following the sale, the insider directly owned 1,262,530 shares in the company, valued at approximately $1,994,797.40. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.82% of the company's stock.

Institutional Trading of Grupo Aeromexico

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Grupo Aeromexico in the 1st quarter valued at about $56,000. Compass Rose Asset Management LP boosted its stake in Grupo Aeromexico by 49.2% during the 1st quarter. Compass Rose Asset Management LP now owns 545,000 shares of the company's stock valued at $7,635,000 after purchasing an additional 179,731 shares in the last quarter. Oaktree Capital Management LP increased its position in Grupo Aeromexico by 5.1% during the first quarter. Oaktree Capital Management LP now owns 3,968,686 shares of the company's stock worth $55,601,000 after buying an additional 191,700 shares during the last quarter. Walleye Capital LLC bought a new stake in Grupo Aeromexico in the 1st quarter valued at $2,969,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Grupo Aeromexico during the first quarter valued at approximately $3,502,000.

Grupo Aeromexico Price Performance

AERO opened at $16.45 on Friday. The firm has a market capitalization of $2.24 billion and a PE ratio of 15.67. Grupo Aeromexico has a fifty-two week low of $12.26 and a fifty-two week high of $23.05. The company's 50-day moving average is $15.47 and its 200 day moving average is $16.19.

Grupo Aeromexico (NYSE:AERO - Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The firm had revenue of $1.62 billion for the quarter. Grupo Aeromexico had a negative return on equity of 17.43% and a net margin of 2.70%. As a group, analysts expect that Grupo Aeromexico will post 0.41 EPS for the current year.

Grupo Aeromexico Company Profile

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company whose principal business is the operation of scheduled passenger and cargo air transportation services. Its flagship carrier, Aeroméxico, serves domestic destinations in Mexico and international markets across North America, Latin America, Europe and Asia. The company's operations are centered on Mexico City International Airport, with additional activity through other major Mexican airports.

The group operates passenger flights under the Aeroméxico brand and regional services through Aeroméxico Connect.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.