LATAM Airlines Group (NYSE:LTM) Sets New 1-Year High - Time to Buy?

Shares of LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.60 and last traded at $42.58, with a volume of 392703 shares. The stock had previously closed at $41.99.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $38.00.

LATAM Airlines Group Trading Down 0.2%

The firm has a market cap of $12.44 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.68 and a beta of 3.58. The stock has a 50 day simple moving average of $39.11 and a 200-day simple moving average of $33.46.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.18 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 during the quarter, compared to the consensus estimate of $3.39 billion. On average, equities research analysts expect that LATAM Airlines Group S.A. will post 3.37 EPS for the current year.

Hedge Funds Weigh In On LATAM Airlines Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new stake in shares of LATAM Airlines Group during the fourth quarter worth $1,754,597,000. Deutsche Bank AG lifted its position 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 valued at $56,125,000 after purchasing an additional 400,000 shares during the period. Farallon Capital Management LLC lifted its position 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 valued at $17,057,000 after purchasing an additional 318,092 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in LATAM Airlines Group by 101.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 309,213 shares of the transportation company's stock valued at $12,566,000 after purchasing an additional 155,553 shares during the period. Finally, Aubrey Capital Management Ltd acquired a new position in LATAM Airlines Group during the first quarter valued at $8,802,000.

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.