LATAM Airlines Group S.A. (NYSE:LTM) Given Consensus Rating of “Moderate Buy” by Analysts

LATAM Airlines Group S.A. (NYSE:LTMGet Free Report) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $66.2667.

LTM has been the subject of several research reports. Jefferies Financial Group began coverage on LATAM Airlines Group in a research report on Thursday, June 18th. They issued a “buy” rating and a $70.00 target price for the company. Wall Street Zen lowered LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a report on Friday, July 17th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $72.60 price objective on shares of LATAM Airlines Group in a research report on Tuesday, May 12th.

Read Our Latest Stock Analysis on LTM

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LTM. Morgan Stanley boosted its stake in LATAM Airlines Group by 11.2% during the fourth quarter. Morgan Stanley now owns 2,091,845 shares of the transportation company’s stock worth $112,981,000 after acquiring an additional 211,261 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of LATAM Airlines Group during the fourth quarter valued at approximately $83,266,000. Arrowstreet Capital Limited Partnership increased its stake in shares of LATAM Airlines Group by 248.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock valued at $67,181,000 after purchasing an additional 1,058,554 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LATAM Airlines Group by 184.9% during the first quarter. Renaissance Technologies LLC now owns 1,267,200 shares of the transportation company’s stock valued at $62,650,000 after purchasing an additional 822,400 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of LATAM Airlines Group by 266.7% during the third quarter. Vanguard Group Inc. now owns 1,039,414 shares of the transportation company’s stock valued at $47,033,000 after purchasing an additional 755,997 shares during the last quarter.

LATAM Airlines Group Price Performance

Shares of NYSE LTM opened at $52.49 on Tuesday. LATAM Airlines Group has a 1 year low of $41.41 and a 1 year high of $70.42. The stock has a market capitalization of $15.07 billion, a P/E ratio of 9.65, a P/E/G ratio of 1.26 and a beta of 3.64. The company’s 50-day moving average is $53.38 and its 200 day moving average is $52.16.

LATAM Airlines Group (NYSE:LTMGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.06 billion. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. Research analysts anticipate that LATAM Airlines Group will post 5 earnings per share for the current year.

About LATAM Airlines Group

(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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