Grupo Aeromexico (NYSE:AERO) Shares Gap Down – Time to Sell?

by · The Markets Daily

Grupo Aeromexico (NYSE:AERO – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $20.21, but opened at $19.30. Grupo Aeromexico shares last traded at $19.40, with a volume of 921 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AERO shares. Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. Evercore ISI initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price target for the company. Barclays began coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They set an “overweight” rating and a $27.00 price target for the company. Itau BBA Securities initiated coverage on shares of Grupo Aeromexico in a research note on Sunday, November 30th. They issued an “outperform” rating on the stock. Finally, Citigroup began coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $27.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Get Our Latest Stock Analysis on AERO

Grupo Aeromexico Trading Up 2.1%

The firm has a 50 day simple moving average of $19.59.

Grupo Aeromexico Company Profile

(Get Free Report)

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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