LATAM Airlines Group S.A. (NYSE:LTM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $65.52.

Several equities research analysts have issued reports on LTM shares. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Citigroup upgraded LATAM Airlines Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $53.00 to $58.00 in a report on Tuesday, March 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $72.60 target price on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Morgan Stanley upgraded LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $61.00 to $60.00 in a report on Thursday, March 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Tuesday, April 21st.

LATAM Airlines Group Stock Down 0.2%

Shares of LTM stock opened at $49.62 on Friday. The firm has a fifty day moving average of $50.40 and a 200-day moving average of $53.36. LATAM Airlines Group has a 12-month low of $36.64 and a 12-month high of $70.42. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 1.41 and a beta of 3.62.

LATAM Airlines Group (NYSE:LTM) last issued its quarterly earnings data on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.66. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, equities analysts expect that LATAM Airlines Group will post 4.22 EPS for the current year.

Institutional Investors Weigh In On LATAM Airlines Group

Several large investors have recently made changes to their positions in LTM. Farther Finance Advisors LLC grew 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 buying an additional 246 shares in the last quarter. Assetmark Inc. raised its position in LATAM Airlines Group by 684.3% during the first quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock worth $64,000 after acquiring an additional 1,136 shares in the last quarter. Leonteq Securities AG bought a new stake in LATAM Airlines Group during the fourth quarter worth $78,000. Tower Research Capital LLC TRC acquired a new stake in LATAM Airlines Group in the second quarter valued at $90,000. Finally, Rhumbline Advisers lifted its stake in 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 during 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.