LATAM Airlines Group S.A. (NYSE:LTM) Given Consensus Rating of “Buy” by Analysts

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $66.2667.

A number of equities analysts have recently weighed in on LTM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $72.60 price target on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Jefferies Financial Group assumed coverage on shares of LATAM Airlines Group in a research note on Thursday, June 18th. They set a “buy” rating and a $70.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of LATAM Airlines Group in a report on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 price objective on the stock. Finally, Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd.

LATAM Airlines Group Price Performance

Shares of LATAM Airlines Group stock opened at $52.56 on Monday. The business has a 50-day simple moving average of $52.92 and a 200 day simple moving average of $54.23. LATAM Airlines Group has a one year low of $40.52 and a one year high of $70.42. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.06 and a beta of 3.61.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results 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 return on equity of 127.75% and a net margin of 11.03%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.96 billion. On average, sell-side analysts expect that LATAM Airlines Group will post 5.95 EPS for the current year.

Institutional Investors Weigh In On LATAM Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in LATAM Airlines Group by 49.1% during the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. Assetmark Inc. raised its stake in shares of LATAM Airlines Group by 684.3% in the first quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,136 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of LATAM Airlines Group in the fourth quarter worth approximately $78,000. Tower Research Capital LLC TRC bought a new position in shares of LATAM Airlines Group in the second quarter valued at approximately $90,000. Finally, GAMMA Investing LLC lifted its holdings in shares of LATAM Airlines Group by 26.2% in the second quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 342 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.