Grupo Aeromexico (NYSE:AERO) Sets New 12-Month Low - Time to Sell?

Key Points

• Grupo Aeromexico hit a new 52-week low of $14.15 and last traded around $14.41, plunging about 11.9% on the day with volume ~553,203 and trading well below its 50‑day moving average of $19.54.
• Despite the selloff, analysts remain largely positive: the MarketBeat consensus is a Moderate Buy with an average price target of $30.83, and firms like Evercore ($36), Barclays ($32) and Morgan Stanley ($30) have issued upbeat ratings.
• Several institutional investors bought small new positions in Q4, signaling some investor interest even as the stock trades near its yearly low.

Grupo Aeromexico (NYSE:AERO - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $14.15 and last traded at $14.4090, with a volume of 553203 shares traded. The stock had previously closed at $16.17.

Analyst Upgrades and Downgrades

AERO has been the subject of several research reports. Evercore assumed coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an "outperform" rating and a $36.00 target price for the company. Wall Street Zen upgraded shares of Grupo Aeromexico from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Barclays upped their price objective on shares of Grupo Aeromexico from $28.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Zacks Research raised shares of Grupo Aeromexico to a "hold" rating in a report on Thursday, December 18th. Finally, Morgan Stanley initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an "overweight" rating and a $30.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.83.

Grupo Aeromexico Trading Down 11.9%

The firm's 50 day moving average price is $19.54.

Institutional Investors Weigh In On Grupo Aeromexico

Several institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new position in shares of Grupo Aeromexico during the fourth quarter valued at approximately $220,000. Sandia Investment Management LP purchased a new stake in Grupo Aeromexico in the fourth quarter worth $220,000. Quarry LP bought a new stake in Grupo Aeromexico in the fourth quarter valued at $232,000. VR Advisory Services Ltd bought a new stake in Grupo Aeromexico in the fourth quarter valued at $259,000. Finally, HRT Financial LP purchased a new position in Grupo Aeromexico during the 4th quarter valued at $295,000.

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.

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