LATAM Airlines Group S.A. (NYSE:LTM) Receives Consensus Rating of “Moderate Buy” from Analysts

LATAM Airlines Group S.A. (NYSE:LTM) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $64.40.

LTM has been the subject of several analyst reports. Citigroup upgraded shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $53.00 to $58.00 in a report on Tuesday, March 17th. Barclays lowered their target price on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Zacks Research upgraded shares of LATAM Airlines Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and issued a $72.60 target price on shares of LATAM Airlines Group in a report on Tuesday, May 12th. Finally, Morgan Stanley upgraded shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $61.00 to $60.00 in a report on Thursday, March 26th.

LATAM Airlines Group Stock Performance

LATAM Airlines Group stock opened at $53.65 on Friday. The company’s 50 day simple moving average is $50.27 and its 200-day simple moving average is $53.13. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.48 and a beta of 3.62. LATAM Airlines Group has a 1 year low of $36.64 and a 1 year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.66. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.96 billion. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. Equities analysts expect that LATAM Airlines Group will post 4.34 earnings per share for the current year.

Institutional Trading of LATAM Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of LTM. Farther Finance Advisors LLC raised its position in LATAM Airlines Group by 49.1% in the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. Assetmark Inc. grew its stake in shares of 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 purchasing an additional 1,136 shares during the period. Leonteq Securities AG acquired a new position in shares of LATAM Airlines Group during the 4th quarter worth $78,000. Tower Research Capital LLC TRC acquired a new stake in LATAM Airlines Group in the 2nd quarter valued at about $90,000. Finally, Rhumbline Advisers grew its stake in LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,700 shares during the last quarter.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.