LATAM Airlines Group (LTM) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of LATAM Airlines Group (NYSE:LTM) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

LTM has been the topic of a number of other research reports. Citigroup raised LATAM Airlines Group from a sell rating to a neutral rating and set a $11.00 target price on the stock in a report on Monday, November 26th. Zacks Investment Research raised LATAM Airlines Group from a sell rating to a hold rating in a report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. LATAM Airlines Group currently has an average rating of Hold and an average target price of $13.33.

LTM stock opened at $11.84 on Thursday. LATAM Airlines Group has a fifty-two week low of $8.41 and a fifty-two week high of $17.39. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 45.54 and a beta of 1.44.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Wednesday, November 21st. The transportation company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. LATAM Airlines Group had a return on equity of 3.00% and a net margin of 1.20%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.75 billion. On average, equities research analysts forecast that LATAM Airlines Group will post 0.3 EPS for the current year.

A number of hedge funds have recently bought and sold shares of LTM. Federated Investors Inc. PA purchased a new stake in LATAM Airlines Group in the third quarter worth about $41,000. Canada Pension Plan Investment Board increased its position in LATAM Airlines Group by 1,718.9% in the third quarter. Canada Pension Plan Investment Board now owns 12,496 shares of the transportation company’s stock worth $117,000 after buying an additional 11,809 shares in the last quarter. Caxton Associates LP purchased a new stake in LATAM Airlines Group in the third quarter worth about $208,000. Citadel Advisors LLC purchased a new stake in LATAM Airlines Group in the third quarter worth about $822,000. Finally, Jane Street Group LLC purchased a new stake in LATAM Airlines Group in the second quarter worth about $842,000.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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