LATAM Airlines Group SA (NYSE:LTM) Receives $10.43 Average PT from Analysts

LATAM Airlines Group SA (NYSE:LTM) has received an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $10.58.

Several research analysts have commented on the stock. TheStreet cut shares of LATAM Airlines Group from a “c-” rating to a “d” rating in a research report on Tuesday, June 11th. Goldman Sachs Group cut shares of LATAM Airlines Group from a “neutral” rating to a “sell” rating and upped their target price for the stock from $9.20 to $9.30 in a research report on Tuesday, July 2nd. Bradesco Corretora set a $11.00 target price on shares of LATAM Airlines Group and gave the stock a “hold” rating in a research report on Monday, May 20th. Zacks Investment Research cut shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, Barclays assumed coverage on shares of LATAM Airlines Group in a research report on Monday, July 29th. They issued an “equal weight” rating and a $11.00 target price for the company.

Shares of LATAM Airlines Group stock traded down $0.25 during mid-day trading on Monday, reaching $9.22. 199,140 shares of the stock traded hands, compared to its average volume of 373,145. The company has a 50-day moving average price of $9.57. LATAM Airlines Group has a fifty-two week low of $8.05 and a fifty-two week high of $12.30. The stock has a market capitalization of $5.84 billion, a PE ratio of 30.73, a PEG ratio of 0.73 and a beta of 1.28.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings data on Friday, May 17th. The transportation company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). LATAM Airlines Group had a net margin of 0.29% and a return on equity of 0.78%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.82 billion. As a group, equities analysts anticipate that LATAM Airlines Group will post 0.3 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of LTM. Millennium Management LLC grew its holdings in LATAM Airlines Group by 333.8% during the fourth quarter. Millennium Management LLC now owns 56,054 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 43,132 shares during the period. Hardman Johnston Global Advisors LLC bought a new position in LATAM Airlines Group in the 1st quarter valued at approximately $118,000. Two Sigma Advisers LP bought a new position in LATAM Airlines Group in the 4th quarter valued at approximately $139,000. Northern Trust Corp raised its holdings in LATAM Airlines Group by 3.2% in the 4th quarter. Northern Trust Corp now owns 673,915 shares of the transportation company’s stock valued at $6,941,000 after buying an additional 20,742 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in LATAM Airlines Group in the 4th quarter valued at approximately $481,000. Institutional investors and hedge funds own 2.21% of the company’s stock.

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, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.

Read More: What are economic reports?

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

Receive News & Ratings for LATAM Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.