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LATAM Airlines Group SA (ADR) (NYSE:LFL)‘s stock had its “underweight” rating reiterated by equities researchers at Morgan Stanley in a research report issued on Wednesday, Analyst RN reports. They currently have a $14.30 target price on the stock, down from their previous target price of $15.80. Morgan Stanley’s price target indicates a potential downside of 8.04% from the company’s current price.

The analysts wrote, “LFL reported weak 1Q14 with 3.5% EBIT margin vs. MSe at 4.8%. Competition on international routes (mainly Brazil-US/Europe) and weak cargo offset Brazil’s domestic rebound. Fleet restructuring costs also affected operating results and bottom line. We stay Underweight and cut PT to US$14.30.”

Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of LATAM Airlines Group SA (ADR) from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Zacks downgraded shares of LATAM Airlines Group SA (ADR) from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $14.40 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of LATAM Airlines Group SA (ADR) from $18.00 to $17.50 in a research note on Monday, March 31st. Four research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. LATAM Airlines Group SA (ADR) has an average rating of “Hold” and a consensus target price of $15.94.

LATAM Airlines Group SA (NYSE:LFL) traded down 2.44% during mid-day trading on Wednesday, hitting $15.17. 1,155,654 shares of the company’s stock traded hands. LATAM Airlines Group SA has a 52-week low of $11.62 and a 52-week high of $20.34. The stock’s 50-day moving average is $15.17 and its 200-day moving average is $15.40. The company’s market cap is $8.120 billion.

LATAM Airlines Group SA (ADR) (NYSE:LFL) last released its earnings data on Wednesday, April 16th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.04. Analysts expect that LATAM Airlines Group SA will post $0.76 EPS for the current fiscal year.

Latam Airlines Group SA is a Chile-based airline company. The Company and its affiliates provides domestic and international passenger services, as well as freight cargo services in Chile, Peru, Argentina, Colombia and Ecuador with a wide range of routes around America, Europe and Oceania.

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