LATAM Airlines Group SA (NYSE:LFL) was upgraded by equities research analysts at Raymond James Financial Inc. from an “underperform” rating to a “market perform” rating in a report issued on Wednesday.

Several other equities research analysts have also issued reports on the company. Goldman Sachs Group Inc. lowered LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and reduced their price target for the company from $6.70 to $5.80 in a report on Tuesday, June 14th. Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. Deutsche Bank AG upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.00 to $11.00 in a report on Wednesday, July 20th. Zacks Investment Research lowered LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Morgan Stanley upgraded LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $6.50 to $8.80 in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.65.

Analyst Recommendations for LATAM Airlines Group SA (NYSE:LFL)

LATAM Airlines Group SA (NYSE:LFL) opened at 8.38 on Wednesday. LATAM Airlines Group SA has a 1-year low of $4.35 and a 1-year high of $9.24. The stock’s 50 day moving average price is $8.30 and its 200 day moving average price is $7.29. The stock’s market capitalization is $4.57 billion.

A number of large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in shares of LATAM Airlines Group SA by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 183,710 shares of the company’s stock valued at $1,213,000 after buying an additional 12,586 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of LATAM Airlines Group SA during the second quarter valued at approximately $173,000. Profund Advisors LLC increased its position 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 valued at $149,000 after buying an additional 3,676 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of LATAM Airlines Group SA during the second quarter valued at approximately $189,000. Finally, Impala Asset Management LLC acquired a new position in shares of LATAM Airlines Group SA during the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 3.27% of the company’s stock.

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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