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

Key Points

• "Moderate Buy" consensus from six analysts (4 buys, 1 hold, 1 sell) with an average 12‑month target price of $62.10.
• LATAM beat expectations in its most recent quarter with EPS of $2.01 versus $1.35 expected and revenue of $4.08 billion versus $3.96 billion, and analysts forecast full‑year EPS of 4.31.
• The stock opened at $46.29 (50‑day MA $50.78, 200‑day MA $52.46), trades within a 52‑week range of $32.03–$70.42, and has a P/E of 9.29 and market cap of $13.29 billion.

Shares of LATAM Airlines Group S.A. (NYSE:LTM - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $62.10.

LTM has been the topic of a number of research reports. Weiss Ratings restated a "hold (c)" rating on shares of LATAM Airlines Group in a research note on Tuesday, April 21st. The Goldman Sachs Group upgraded LATAM Airlines Group from a "neutral" rating to a "buy" rating and set a $63.40 price target on the stock in a research note on Monday, April 13th. Zacks Research cut LATAM Airlines Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 21st. Barclays reduced their price objective on LATAM Airlines Group from $75.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 24th. Finally, Wall Street Zen cut LATAM Airlines Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

LATAM Airlines Group Stock Up 2.3%

NYSE:LTM opened at $46.29 on Wednesday. The stock's fifty day moving average is $50.78 and its two-hundred day moving average is $52.46. LATAM Airlines Group has a 52 week low of $32.03 and a 52 week high of $70.42. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.26 and a beta of 3.62.

LATAM Airlines Group (NYSE:LTM - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.66. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The company had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.96 billion. On average, sell-side analysts expect that LATAM Airlines Group will post 4.31 EPS for the current fiscal year.

Institutional Trading of LATAM Airlines Group

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of LATAM Airlines Group by 49.1% in 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 acquired a new stake in shares of LATAM Airlines Group in the fourth quarter valued at $78,000. Tower Research Capital LLC TRC acquired a new stake in shares of LATAM Airlines Group in the second quarter valued at $90,000. Rhumbline Advisers raised its stake in shares of LATAM Airlines Group by 113.8% in the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company's stock valued at $100,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LATAM Airlines Group by 19.6% in 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.

LATAM Airlines Group Company Profile

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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