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

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $64.40.

A number of brokerages have commented on LTM. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Morgan Stanley raised shares of LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $61.00 to $60.00 in a research note on Thursday, March 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $72.60 target price on shares of LATAM Airlines Group in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. Finally, Barclays reduced their target price on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th.

LATAM Airlines Group Trading Up 1.0%

NYSE:LTM opened at $53.65 on Friday. The company’s 50-day moving average price is $50.27 and its 200-day moving average price is $53.13. The company has a market cap of $15.40 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.48 and a beta of 3.62. LATAM Airlines Group has a twelve month low of $36.64 and a twelve month high of $70.42.

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

Hedge Funds Weigh In On LATAM Airlines Group

A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in LATAM Airlines Group by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the transportation company’s stock worth $169,000 after purchasing an additional 198 shares during the period. Blue Trust Inc. raised its stake in shares of LATAM Airlines Group by 3.6% in the 4th quarter. Blue Trust Inc. now owns 6,226 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 219 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of LATAM Airlines Group by 0.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,161 shares of the transportation company’s stock valued at $1,936,000 after acquiring an additional 239 shares during the period. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 246 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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.