ValuEngine upgraded shares of LATAM Airlines Group (NYSE:LTM) from a hold rating to a buy rating in a report released on Wednesday.
LTM has been the topic of several other reports. Citigroup upgraded shares of LATAM Airlines Group from a sell rating to a neutral rating and set a $11.00 price objective on the stock in a research report on Monday, November 26th. Zacks Investment Research upgraded shares of LATAM Airlines Group from a sell rating to a hold rating in a research report on Monday, November 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. LATAM Airlines Group presently has a consensus rating of Hold and an average target price of $14.00.
Shares of NYSE:LTM opened at $9.88 on Wednesday. The stock has a market capitalization of $6.15 billion, a P/E ratio of 38.00 and a beta of 1.70. LATAM Airlines Group has a fifty-two week low of $8.41 and a fifty-two week high of $17.39.
LATAM Airlines Group (NYSE:LTM) last issued its quarterly earnings data 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. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.75 billion. LATAM Airlines Group had a net margin of 1.20% and a return on equity of 3.00%. On average, equities analysts predict that LATAM Airlines Group will post 0.3 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Banco Santander S.A. acquired a new position in shares of LATAM Airlines Group in the 3rd quarter worth approximately $5,666,000. SG Americas Securities LLC acquired a new position in shares of LATAM Airlines Group in the 3rd quarter worth approximately $4,514,000. Standard Life Aberdeen plc grew its stake in shares of LATAM Airlines Group by 144.6% in the 2nd quarter. Standard Life Aberdeen plc now owns 222,300 shares of the transportation company’s stock worth $2,199,000 after purchasing an additional 131,400 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of LATAM Airlines Group in the 3rd quarter worth approximately $822,000. Finally, Jane Street Group LLC acquired a new position in shares of LATAM Airlines Group in the 2nd quarter worth approximately $842,000. Institutional investors own 2.36% of the company’s stock.
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, 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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