LATAM Airlines Group (NYSE:LTM) Hits New 52-Week High - Still a Buy?

LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report)'s share price reached 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 changing hands. The stock had previously closed at $41.45.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $38.00.

LATAM Airlines Group Stock Down 1.9%

The business has a fifty day simple moving average of $38.09 and a two-hundred day simple moving average of $32.84. The company has a market cap of $12.61 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.69 and a beta of 3.58.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of LATAM Airlines Group by 44.9% in the first quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company's stock worth $61,000 after buying an additional 604 shares during the period. Rhumbline Advisers raised its stake in shares of LATAM Airlines Group by 113.8% in the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock worth $100,000 after buying an additional 1,700 shares during the period. Liontrust Investment Partners LLP bought a new position in shares of LATAM Airlines Group in the first quarter worth about $182,000. Schonfeld Strategic Advisors LLC bought a new position in shares of LATAM Airlines Group in the fourth quarter worth about $212,000. Finally, Penserra Capital Management LLC bought a new position in shares of LATAM Airlines Group in the first quarter worth about $295,000.

LATAM Airlines Group Company Profile

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.