Grupo Aeromexico (NYSE:AERO) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Grupo Aeromexico from a "buy" to a "hold", though the consensus remains a Moderate Buy (1 Strong Buy, 7 Buy, 2 Hold) with an average target price of $29.43.
• The company reported an anomalous $999.00 EPS that beat estimates and revenue of $1.34B topped forecasts; shares trade near $14.98 (12‑month range $12.26–$23.05) with a market cap of $2.04B.
• Institutional investors increased exposure in Q4, led by a large new position from Strategic Value Partners (~$208.3M), with additional buys from Norges Bank and Goldman Sachs.

Grupo Aeromexico (NYSE:AERO - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Several other research firms have also commented on AERO. JPMorgan Chase & Co. lowered their price objective on shares of Grupo Aeromexico from $28.50 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, March 12th. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a "strong-buy" rating in a report on Monday, April 13th. Barclays lowered their target price on shares of Grupo Aeromexico from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, March 24th. Finally, Weiss Ratings began coverage on shares of Grupo Aeromexico in a report on Tuesday, February 3rd. They issued a "hold (c)" rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Grupo Aeromexico currently has an average rating of "Moderate Buy" and an average target price of $29.43.

Grupo Aeromexico Trading Down 1.4%

Shares of AERO stock opened at $14.98 on Friday. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05. The firm's 50 day simple moving average is $15.53. The stock has a market capitalization of $2.04 billion and a PE ratio of 18.27.

Grupo Aeromexico (NYSE:AERO - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $999.00 EPS for the quarter, beating the consensus estimate of $0.07 by $998.93. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, sell-side analysts predict that Grupo Aeromexico will post 1.13 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeromexico

Several institutional investors have recently made changes to their positions in AERO. Strategic Value Partners LLC purchased a new position in Grupo Aeromexico in the 4th quarter worth about $208,318,000. Seven Grand Managers LLC purchased a new position in Grupo Aeromexico in the 4th quarter worth about $3,294,000. Zweig DiMenna Associates LLC purchased a new position in Grupo Aeromexico in the 4th quarter worth about $1,976,000. Norges Bank purchased a new position in Grupo Aeromexico in the 4th quarter worth about $8,784,000. Finally, Goldman Sachs Group Inc. purchased a new position in Grupo Aeromexico in the 4th quarter worth about $3,968,000.

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.

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.