LATAM Airlines Group S.A. (LTM) – What Are Researchers Thinking About This Stock?

LATAM Airlines Group S.A. (NYSE:LTM) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $66.27.

A number of equities analysts recently commented on LTM shares. Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 26th.

Hedge Funds Weigh In On LATAM Airlines Group

Several large investors have recently made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of LATAM Airlines Group during the 3rd quarter worth about $26,000. Assetmark Inc. boosted its holdings in LATAM Airlines Group by 684.3% in the 1st quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock worth $64,000 after buying an additional 1,136 shares during the last quarter. Signaturefd LLC increased its stake in LATAM Airlines Group by 41.4% during the 3rd quarter. Signaturefd LLC now owns 1,448 shares of the transportation company’s stock worth $72,000 after buying an additional 424 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of LATAM Airlines Group by 26.2% during the second 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of LATAM Airlines Group during the third quarter valued at approximately $129,000.

LATAM Airlines Group Stock Performance

Shares of NYSE LTM opened at $43.89 on Wednesday. The firm’s 50 day moving average price is $49.54 and its 200-day moving average price is $52.74. LATAM Airlines Group has a 52-week low of $41.44 and a 52-week high of $70.42. The company has a market cap of $12.60 billion, a PE ratio of 8.01, a P/E/G ratio of 1.11 and a beta of 3.87.

LATAM Airlines Group (NYSE:LTM) last announced its earnings results on Tuesday, November 3rd. The transportation company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.31. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.52 billion. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. On average, analysts forecast that LATAM Airlines Group will post 4.82 earnings per share for the current fiscal year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.