LATAM Airlines Group (NYSE:LTM) Upgraded at Jefferies Financial Group

LATAM Airlines Group (NYSE:LTM) was upgraded by analysts at Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. 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 reaffirmed a “buy” rating and set a $72.60 price target on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Finally, Citigroup upgraded shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $53.00 to $58.00 in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, LATAM Airlines Group currently has an average rating of “Moderate Buy” and a consensus target price of $66.27.

LATAM Airlines Group Stock Performance

NYSE:LTM opened at $55.81 on Thursday. The stock’s 50-day simple moving average is $51.01 and its 200 day simple moving average is $53.71. The company has a market cap of $16.03 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.54 and a beta of 3.62. LATAM Airlines Group has a 52-week low of $36.64 and a 52-week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last issued its quarterly earnings results on Wednesday, May 6th. The transportation company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.35 by $0.66. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.96 billion. LATAM Airlines Group had a return on equity of 127.75% and a net margin of 11.03%. As a group, equities analysts predict that LATAM Airlines Group will post 4.22 earnings per share for the current fiscal year.

Institutional Trading of LATAM Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of LATAM Airlines Group by 49.1% in the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after buying an additional 246 shares during the last quarter. Assetmark Inc. increased its holdings 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 acquiring an additional 1,136 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of LATAM Airlines Group during the 4th quarter worth approximately $78,000. Tower Research Capital LLC TRC bought a new stake in LATAM Airlines Group in the 2nd quarter valued at $90,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in LATAM Airlines Group by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock valued at $129,000 after acquiring an additional 391 shares during the period.

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.