LATAM Airlines Group S.A. (NYSE:LTM) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Consensus: "Moderate Buy" — six analysts cover LATAM (three hold, three buy) with an average 1‑year price target of about $62.28.
• Quarterly beat: LATAM reported EPS of $1.69 (vs. $1.35 est.) and revenue of $3.95B (vs. $3.81B), and analysts project ~3.37 EPS for the year.
• Valuation and trading: Shares trade near $53.09 with a market cap of $16.04B, a P/E of 10.66, high beta (3.93) and a 12‑month range of $27.76–$70.42.

LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $62.2750.

A number of equities analysts have issued reports on LTM shares. The Goldman Sachs Group set a $64.10 price objective on LATAM Airlines Group and gave the stock a "neutral" rating in a report on Thursday, February 12th. Citigroup upgraded LATAM Airlines Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $53.00 to $58.00 in a report on Tuesday, March 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. Morgan Stanley upgraded LATAM Airlines Group from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $61.00 to $60.00 in a report on Thursday, March 26th. Finally, Zacks Research downgraded LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th.

Hedge Funds Weigh In On LATAM Airlines Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in shares of LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company's stock valued at $40,000 after acquiring an additional 246 shares in the last quarter. Leonteq Securities AG bought a new position in shares of LATAM Airlines Group during the fourth quarter valued at $78,000. Tower Research Capital LLC TRC bought a new position in shares of LATAM Airlines Group during the second quarter valued at $90,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LATAM Airlines Group by 19.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company's stock valued at $129,000 after acquiring an additional 391 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of LATAM Airlines Group by 340.2% during the fourth quarter. Royal Bank of Canada now owns 2,672 shares of the transportation company's stock valued at $144,000 after acquiring an additional 2,065 shares in the last quarter.

LATAM Airlines Group Trading Down 0.0%

LTM opened at $53.09 on Friday. The stock has a fifty day simple moving average of $54.12 and a two-hundred day simple moving average of $51.58. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.42 and a beta of 3.93. LATAM Airlines Group has a 12-month low of $27.76 and a 12-month high of $70.42.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.81 billion. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%. On average, analysts predict that LATAM Airlines Group will post 3.37 EPS for the current year.

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.

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