LATAM Airlines Group (NYSE:LTM) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded LATAM from "strong-buy" to "buy," while overall analyst coverage remains mixed—4 Buys, 1 Hold and 1 Sell—with an average rating of Moderate Buy and an average price target of $62.10.
• LATAM beat quarterly estimates (EPS $1.69 vs. $1.35; revenue $3.95B vs. $3.81B) and currently trades at a PE of 9.48, with shares near $47.24 and a one‑year range of $31.77–$70.42.
• Institutional investors have been adding sizable positions—e.g., Itau bought roughly $83M and Arrowstreet increased holdings by 248%—indicating rising institutional interest.

LATAM Airlines Group (NYSE:LTM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other research firms have also recently weighed in on LTM. The Goldman Sachs Group upgraded shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and set a $63.40 target price on the stock in a research note on Monday, April 13th. Zacks Research lowered shares of LATAM Airlines Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 21st. Citigroup upgraded shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $53.00 to $58.00 in a research note on Tuesday, March 17th. Weiss Ratings restated a "hold (c)" rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. Finally, Barclays decreased their price target on shares of LATAM Airlines Group from $75.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.10.

LATAM Airlines Group Price Performance

Shares of LATAM Airlines Group stock opened at $47.24 on Friday. The firm has a market cap of $13.56 billion, a PE ratio of 9.48, a P/E/G ratio of 1.32 and a beta of 3.62. LATAM Airlines Group has a 1 year low of $31.77 and a 1 year high of $70.42. The stock has a fifty day moving average price of $51.00 and a 200-day moving average price of $52.32.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.81 billion. As a group, equities analysts anticipate that LATAM Airlines Group will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On LATAM Airlines Group

Several institutional investors have recently made changes to their positions in LTM. Itau Unibanco Holding S.A. purchased a new stake in LATAM Airlines Group in the 4th quarter worth approximately $83,266,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of LATAM Airlines Group by 248.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company's stock worth $67,181,000 after purchasing an additional 1,058,554 shares during the period. Burkehill Global Management LP purchased a new stake in shares of LATAM Airlines Group in the third quarter worth $42,988,000. SPX Gestao de Recursos Ltda raised its position in shares of LATAM Airlines Group by 3,884.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 935,321 shares of the transportation company's stock worth $42,323,000 after buying an additional 911,847 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in LATAM Airlines Group during the third quarter valued at $37,331,000.

About LATAM Airlines Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.