LATAM Airlines Group SA (LFL) Sees Strong Trading Volume
LATAM Airlines Group SA (NYSE:LFL) shares saw an uptick in trading volume on Tuesday . 769,399 shares were traded during trading, a decline of 24% from the previous session’s volume of 1,008,122 shares.The stock last traded at $8.95 and had previously closed at $8.95.
Several brokerages have recently weighed in on LFL. Zacks Investment Research raised shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Thursday, July 14th. Evercore ISI cut shares of LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Bank of America Corp. raised shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th. Finally, Goldman Sachs Group Inc. cut shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and decreased their target price for the company from $6.70 to $5.80 in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.80.
The firm’s market cap is $4.87 billion. The stock has a 50 day moving average price of $6.75 and a 200 day moving average price of $6.32.
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 filing with the Securities and Exchange Commission (SEC). The firm 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 0.89% of LATAM Airlines Group SA worth $26,083,000 at the end of the most recent quarter.
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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