LATAM Airlines Group (NYSE:LTM) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded LATAM Airlines Group from a "strong-buy" rating to a "hold" rating, indicating a bearish outlook for the stock.
• Conversely, Wall Street Zen upgraded the stock from "buy" to "strong-buy," reflecting mixed analyst sentiment.
• The stock has a current price of $45.25, with a consensus price target of $38.00 and a market capitalization of $13.68 billion.

LATAM Airlines Group (NYSE:LTM - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of LATAM Airlines Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $38.00.

LATAM Airlines Group Stock Performance

Shares of LATAM Airlines Group stock opened at $45.25 on Monday. LATAM Airlines Group has a 52-week low of $24.38 and a 52-week high of $52.54. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.43 and a beta of 3.59. The company's 50 day moving average price is $46.08 and its 200-day moving average price is $39.04.

Hedge Funds Weigh In On LATAM Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership purchased a new position in LATAM Airlines Group in the second quarter valued at about $17,317,000. Aubrey Capital Management Ltd grew its stake in LATAM Airlines Group by 19.1% in the second quarter. Aubrey Capital Management Ltd now owns 335,153 shares of the transportation company's stock valued at $13,620,000 after purchasing an additional 53,753 shares during the last quarter. BNP Paribas Financial Markets grew its stake in LATAM Airlines Group by 562.0% in the second quarter. BNP Paribas Financial Markets now owns 331,959 shares of the transportation company's stock valued at $13,491,000 after purchasing an additional 281,816 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in LATAM Airlines Group by 101.2% in 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 last quarter. Finally, Marshall Wace LLP purchased a new position in LATAM Airlines Group in the second quarter valued at about $12,308,000.

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.

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