LATAM Airlines Group (NYSE:LTM) Hits New 12-Month High - What's Next?

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

Analyst Ratings Changes

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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $38.00.

LATAM Airlines Group Stock Up 2.4%

The firm has a market capitalization of $12.83 billion, a P/E ratio of 11.92, a PEG ratio of 0.69 and a beta of 3.58. The business's 50 day moving average is $37.47 and its two-hundred day moving average is $32.58.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.57. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.39 billion. LATAM Airlines Group had a net margin of 8.25% and a return on equity of 148.44%. As a group, equities analysts anticipate 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

Institutional investors have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new stake in shares of LATAM Airlines Group in the 4th quarter worth $1,754,597,000. Deutsche Bank AG grew its holdings in LATAM Airlines Group by 24.5% during the fourth quarter. Deutsche Bank AG now owns 2,035,000 shares of the transportation company's stock worth $56,125,000 after acquiring an additional 400,000 shares during the period. Farallon Capital Management LLC grew its holdings in LATAM Airlines Group by 105.9% during the fourth quarter. Farallon Capital Management LLC now owns 618,469 shares of the transportation company's stock worth $17,057,000 after acquiring an additional 318,092 shares during the period. Aubrey Capital Management Ltd bought a new stake in LATAM Airlines Group in the first quarter worth about $8,802,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in LATAM Airlines Group by 91.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 153,660 shares of the transportation company's stock valued at $4,806,000 after acquiring an additional 73,400 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.