LATAM Airlines Group S.A. (NYSE:LTM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of LATAM Airlines Group S.A. (NYSE:LTMGet Free Report) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $64.40.

Several research firms have issued reports on LTM. Barclays dropped their price target on LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Zacks Research cut shares of LATAM Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $72.60 price objective on shares of LATAM Airlines Group in a research report on Tuesday. Citigroup upgraded shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $58.00 in a research report on Tuesday, March 17th. Finally, Morgan Stanley upgraded shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $61.00 to $60.00 in a research report on Thursday, March 26th.

Check Out Our Latest Report on LATAM Airlines Group

LATAM Airlines Group Trading Down 1.4%

Shares of NYSE LTM opened at $49.00 on Wednesday. The stock has a 50 day simple moving average of $50.10 and a 200-day simple moving average of $52.68. The company has a market cap of $14.07 billion, a PE ratio of 8.43, a P/E/G ratio of 1.37 and a beta of 3.62. LATAM Airlines Group has a 12-month low of $34.20 and a 12-month high of $70.42.

LATAM Airlines Group (NYSE:LTMGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.66. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%.The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.96 billion. Sell-side analysts forecast that LATAM Airlines Group will post 4.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LATAM Airlines Group

Several institutional investors and hedge funds have recently modified their holdings of LTM. Itau Unibanco Holding S.A. purchased a new position in shares of LATAM Airlines Group during the 4th quarter valued at $83,266,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of LATAM Airlines Group by 248.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock valued at $67,181,000 after acquiring an additional 1,058,554 shares in the last quarter. Burkehill Global Management LP purchased a new position in shares of LATAM Airlines Group during the 3rd quarter valued at $42,988,000. SPX Gestao de Recursos Ltda grew its holdings in shares of LATAM Airlines Group by 3,884.5% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 935,321 shares of the transportation company’s stock valued at $42,323,000 after acquiring an additional 911,847 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in shares of LATAM Airlines Group during the 3rd quarter valued at $37,331,000.

LATAM Airlines Group Company Profile

(Get Free Report)

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.

Further Reading

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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