LATAM Airlines Group SA (LTM) Receives Average Recommendation of “Hold” from Brokerages

LATAM Airlines Group SA (NYSE:LTM) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.50.

Several brokerages recently weighed in on LTM. Citigroup raised shares of LATAM Airlines Group from a “sell” rating to a “neutral” rating in a research report on Monday. ValuEngine cut shares of LATAM Airlines Group from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caxton Associates LP bought a new position in shares of LATAM Airlines Group during the 3rd quarter worth approximately $208,000. Citadel Advisors LLC bought a new position in shares of LATAM Airlines Group during the 3rd quarter worth approximately $822,000. Banco Santander S.A. bought a new position in shares of LATAM Airlines Group during the 3rd quarter worth approximately $5,666,000. Dimensional Fund Advisors LP lifted its position in shares of LATAM Airlines Group by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,906,802 shares of the transportation company’s stock worth $36,759,000 after buying an additional 51,956 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of LATAM Airlines Group by 1,718.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,496 shares of the transportation company’s stock worth $117,000 after buying an additional 11,809 shares in the last quarter. 2.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of LTM traded up $0.10 during trading hours on Monday, hitting $10.10. The stock had a trading volume of 51,551 shares, compared to its average volume of 400,853. LATAM Airlines Group has a 1-year low of $8.41 and a 1-year high of $17.39. The company has a market cap of $6.06 billion, a PE ratio of 38.85 and a beta of 1.65.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Wednesday, November 21st. The transportation company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. LATAM Airlines Group had a net margin of 1.20% and a return on equity of 2.91%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Equities research analysts predict that LATAM Airlines Group will post 0.3 earnings per share for the current fiscal year.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

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