LATAM Airlines Group S.A. (NYSE:LTM – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $49.21 and traded as high as $51.00. LATAM Airlines Group shares last traded at $50.4710, with a volume of 1,489,463 shares traded.
Analyst Upgrades and Downgrades
LTM has been the topic of a number of recent research reports. Weiss Ratings upgraded LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 26th. Wall Street Zen lowered LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.27.
View Our Latest Analysis on LTM
LATAM Airlines Group Stock Performance
The firm has a fifty day moving average price of $49.21 and a 200 day moving average price of $52.51. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 1.18 and a beta of 3.87.
LATAM Airlines Group (NYSE:LTM – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The transportation company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.23. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.54 billion. LATAM Airlines Group had a return on equity of 87.90% and a net margin of 9.65%. On average, analysts expect that LATAM Airlines Group S.A. will post 4.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Navi International Administradora e Gestora de Recursos Financeiros Ltda. increased its position in LATAM Airlines Group by 1,478.6% in the 2nd quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. now owns 326,007 shares of the transportation company’s stock valued at $18,996,000 after acquiring an additional 305,355 shares during the period. SPX Gestao de Recursos Ltda lifted its stake in shares of LATAM Airlines Group by 168.5% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 881,976 shares of the transportation company’s stock valued at $43,605,000 after purchasing an additional 553,513 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of LATAM Airlines Group by 184.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,267,200 shares of the transportation company’s stock worth $62,650,000 after buying an additional 822,400 shares in the last quarter. Bank of New York Mellon Corp bought a new position in LATAM Airlines Group during the first quarter worth $746,000. Finally, Bank of America Corp DE increased its position in LATAM Airlines Group by 641.9% in the 1st quarter. Bank of America Corp DE now owns 346,402 shares of the transportation company’s stock valued at $17,126,000 after buying an additional 299,710 shares in the last quarter.
LATAM Airlines Group Company Profile
LATAM Airlines Group is a Chile-based airline group that provides passenger and air cargo transportation in Latin America and other international markets. Its passenger operations connect major cities across the region with destinations in North America, Europe and Oceania.
The group operates airlines in several Latin American countries, including Brazil, Chile, Colombia, Ecuador and Peru. Its services include domestic and international passenger flights, along with cargo transportation through its cargo businesses.
LATAM Airlines Group was formed in 2012 through the merger of Chilean airline LAN and Brazilian airline TAM.
Recommended Stories
- Five stocks we like better than LATAM Airlines Group
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for LATAM Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.
