LATAM Airlines Group (NYSE:LTM) Hits New 1-Year High - Should You Buy?

LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $42.35 and last traded at $42.31, with a volume of 501671 shares traded. The stock had previously closed at $41.45.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $38.00.

LATAM Airlines Group Trading Down 1.9%

The company's 50-day simple moving average is $37.67 and its 200-day simple moving average is $32.68. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.68 and a beta of 3.58.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.57. LATAM Airlines Group had a net margin of 8.25% and a return on equity of 148.44%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, equities research analysts expect that LATAM Airlines Group S.A. will post 3.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LATAM Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTM. Goldman Sachs Group Inc. lifted its stake in LATAM Airlines Group by 133.9% in the first quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company's stock valued at $1,259,000 after purchasing an additional 23,044 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock valued at $100,000 after acquiring an additional 1,700 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of LATAM Airlines Group in the 1st quarter valued at about $3,061,000. Scoggin Management LP grew its stake in LATAM Airlines Group by 25.0% in the 1st quarter. Scoggin Management LP now owns 125,000 shares of the transportation company's stock worth $3,910,000 after buying an additional 25,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in LATAM Airlines Group by 1,028.9% during the first quarter. Cubist Systematic Strategies LLC now owns 139,478 shares of the transportation company's stock valued at $4,363,000 after purchasing an additional 127,123 shares in the last quarter.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.