LATAM Airlines Group S.A. (NYSE:LTM) Stock Has Consensus Price Target of $66.27

LATAM Airlines Group S.A. (NYSE:LTM) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $66.27.

Several research firms have commented on LTM. Weiss Ratings downgraded shares of LATAM Airlines Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen lowered LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group began coverage on LATAM Airlines Group in a research note on Thursday, June 18th. They set a “buy” rating and a $70.00 target price for the company.

Hedge Funds Weigh In On LATAM Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in LTM. Assetmark Inc. grew its holdings in LATAM Airlines Group by 684.3% during the 1st quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock worth $64,000 after acquiring an additional 1,136 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of LATAM Airlines Group by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 342 shares during the period. Royal Bank of Canada increased its stake in LATAM Airlines Group by 22.3% in the first quarter. Royal Bank of Canada now owns 3,268 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 596 shares during the period. PNC Financial Services Group Inc. raised its stake in LATAM Airlines Group by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the transportation company’s stock valued at $169,000 after acquiring an additional 198 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of LATAM Airlines Group by 24.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,777 shares of the transportation company’s stock worth $204,000 after purchasing an additional 749 shares during the last quarter.

LATAM Airlines Group Stock Performance

Shares of LTM opened at $50.92 on Friday. The stock has a market capitalization of $14.62 billion, a PE ratio of 9.36, a P/E/G ratio of 1.16 and a beta of 3.64. LATAM Airlines Group has a 1 year low of $41.41 and a 1 year high of $70.42. The company’s 50-day simple moving average is $52.14 and its 200-day simple moving average is $51.92.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.06 billion. On average, sell-side analysts predict that LATAM Airlines Group will post 4.96 earnings per share for the current year.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. Through its LATAM Airlines affiliates, the group provides scheduled passenger and cargo air services to domestic and international destinations.

The company serves markets across South America, including Chile, Brazil, Colombia, Ecuador, and Peru, as well as destinations in North America, the Caribbean, Europe, and Oceania. Its operations include domestic routes within several Latin American countries, international passenger services, and air freight transportation.

LATAM Airlines Group was created in 2012 through the merger of Chile’s LAN Airlines and Brazil’s TAM Airlines.