LATAM Airlines Group SA (LFL) Hits New 1-Year High at $8.95
LATAM Airlines Group SA (NYSE:LFL)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $8.95 and last traded at $8.84, with a volume of 1,023,076 shares changing hands. The stock had previously closed at $8.69.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday. Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. cut LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. Finally, Evercore ISI cut LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. LATAM Airlines Group SA presently has an average rating of “Hold” and a consensus price target of $6.80.
The firm has a 50 day moving average of $6.61 and a 200 day moving average of $6.26. The firm’s market cap is $4.83 billion.
An institutional investor recently raised its position in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP raised its position in LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,840,359 shares of the company’s stock after buying an additional 235,626 shares during the period. Dimensional Fund Advisors LP owned about 0.89% of LATAM Airlines Group SA worth $26,083,000 at the end of the most recent reporting period.
LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania.
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