LATAM Airlines Group SA (NYSE:LFL) has been assigned an average rating of “Hold” from the eight research firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $8.53.

A number of research firms recently weighed in on LFL. Goldman Sachs Group Inc. lowered LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and decreased their price target for the company from $6.70 to $5.80 in a research report on Tuesday, June 14th. Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th. Zacks Investment Research upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, July 14th. Deutsche Bank AG upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and increased their price target for the company from $7.00 to $11.00 in a research report on Wednesday, July 20th. Finally, Citigroup Inc. lowered LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st.

A number of large investors have recently made changes to their positions in the company. Profund Advisors LLC raised its stake in shares of LATAM Airlines Group SA by 19.4% in the second quarter. Profund Advisors LLC now owns 22,620 shares of the company’s stock worth $149,000 after buying an additional 3,676 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of LATAM Airlines Group SA during the second quarter worth approximately $173,000. Stevens Capital Management LP acquired a new stake in shares of LATAM Airlines Group SA during the second quarter worth approximately $189,000. Impala Asset Management LLC acquired a new stake in shares of LATAM Airlines Group SA during the second quarter worth approximately $191,000. Finally, Scotia Capital Inc. acquired a new stake in shares of LATAM Airlines Group SA during the first quarter worth approximately $224,000. Hedge funds and other institutional investors own 3.27% of the company’s stock.

Shares of LATAM Airlines Group SA (NYSE:LFL) opened at 8.26 on Monday. LATAM Airlines Group SA has a 52-week low of $4.35 and a 52-week high of $9.24. The company’s 50-day moving average is $8.31 and its 200-day moving average is $7.29. The firm’s market cap is $4.51 billion.

LATAM Airlines Group SA Company Profile

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.

5 Day Chart for NYSE:LFL

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