LATAM Airlines Group SA Rating Increased to Neutral at Zacks (LFL)
LATAM Airlines Group SA (NYSE:LFL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Thursday. The firm currently has a $14.10 price target on the stock. Zacks‘s price objective would suggest a potential upside of 2.32% from the stock’s previous close.
A number of other firms have also recently commented on LFL. Analysts at Evercore Partners cut their price target on shares of LATAM Airlines Group SA from $18.00 to $16.00 in a research note on Thursday, May 15th. Separately, analysts at Raymond James downgraded shares of LATAM Airlines Group SA from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of LATAM Airlines Group SA in a research note on Wednesday, May 14th. They now have a $14.30 price target on the stock, down previously from $15.80. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.90.
LATAM Airlines Group SA (NYSE:LFL) traded up 3.12% on Thursday, hitting $14.21. The stock had a trading volume of 352,354 shares. LATAM Airlines Group SA has a 52-week low of $11.62 and a 52-week high of $18.85. The stock’s 50-day moving average is $14.99 and its 200-day moving average is $15.1. The company’s market cap is $7.752 billion.
LATAM Airlines Group SA (NYSE:LFL) last announced its earnings results on Wednesday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. On average, analysts predict that LATAM Airlines Group SA will post $0.69 earnings per share 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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