LATAM Airlines Group S.A. (NYSE:LTM) Stock Has Average Target Price of $66.27

Key Points

• Analysts maintain a “Moderate Buy” consensus on LATAM Airlines Group, with six buy ratings and two holds. The average 12-month price target is $66.27, above the stock’s reported $47.94 price.
• Several institutional investors increased their positions in LATAM during recent quarters, including Royal Bank of Canada, GAMMA Investing, and Caitong International Asset Management.
• LATAM exceeded quarterly expectations, reporting $0.44 in EPS versus the $0.41 consensus and $4.12 billion in revenue versus the $4.06 billion estimate. Analysts expect full-year EPS of $4.96.

Shares of LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $66.27.

LTM has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on shares of LATAM Airlines Group in a research note on Thursday, June 18th. They set a "buy" rating and a $70.00 price objective on the stock. Wall Street Zen lowered LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research cut LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Finally, Weiss Ratings downgraded LATAM Airlines Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of LATAM Airlines Group by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the transportation company's stock worth $169,000 after acquiring an additional 198 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position 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 in the last quarter. GAMMA Investing LLC boosted its stake in LATAM Airlines Group by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company's stock worth $96,000 after purchasing an additional 342 shares during the period. Royal Bank of Canada boosted its stake in LATAM Airlines Group by 22.3% in the 1st quarter. Royal Bank of Canada now owns 3,268 shares of the transportation company's stock worth $162,000 after purchasing an additional 596 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in LATAM Airlines Group by 24.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,777 shares of the transportation company's stock worth $204,000 after purchasing an additional 749 shares in the last quarter.

LATAM Airlines Group Price Performance

LTM opened at $47.94 on Friday. The stock's 50 day moving average price is $52.17 and its 200 day moving average price is $51.89. The stock has a market cap of $13.76 billion, a P/E ratio of 8.81, a P/E/G ratio of 1.15 and a beta of 3.64. LATAM Airlines Group has a 12 month low of $41.41 and a 12 month high of $70.42.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%.The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $4.06 billion. Equities analysts anticipate that LATAM Airlines Group will post 4.96 EPS for the current year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. Through its LATAM Airlines affiliates, the group provides scheduled passenger and cargo air services to domestic and international destinations.

The company serves markets across South America, including Chile, Brazil, Colombia, Ecuador, and Peru, as well as destinations in North America, the Caribbean, Europe, and Oceania. Its operations include domestic routes within several Latin American countries, international passenger services, and air freight transportation.

LATAM Airlines Group was created in 2012 through the merger of Chile's LAN Airlines and Brazil's TAM Airlines.

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