LATAM Airlines Group SA Receives Average Recommendation of “Hold” from Brokerages (NYSE:LFL)
Shares of LATAM Airlines Group SA (NYSE:LFL) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.90.
LATAM Airlines Group SA (NYSE:LFL) opened at 13.57 on Monday. LATAM Airlines Group SA has a 52-week low of $11.62 and a 52-week high of $17.39. The stock has a 50-day moving average of $14.6 and a 200-day moving average of $15.04. The company’s market cap is $7.403 billion.
LATAM Airlines Group SA (NYSE:LFL) last announced its earnings results on Wednesday, May 14th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.07. On average, analysts predict that LATAM Airlines Group SA will post $0.64 earnings per share for the current fiscal year.
LFL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $14.10 price target on the stock. Separately, 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. Finally, 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.
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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