Several other research analysts have also commented on the stock. Goldman Sachs Group lowered shares of LATAM Airlines Group from a neutral rating to a sell rating and raised their price target for the company from $9.20 to $9.30 in a report on Tuesday, July 2nd. Bradesco Corretora set a $11.00 price target on shares of LATAM Airlines Group and gave the company a hold rating in a report on Monday, May 20th. TheStreet lowered shares of Twin Disc from a b- rating to a c+ rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research lowered shares of HANNOVER RUECK/S from a hold rating to a sell rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $11.08.
LTM opened at $10.31 on Monday. The business has a 50 day moving average of $9.13. LATAM Airlines Group has a 1 year low of $8.05 and a 1 year high of $12.30. The firm has a market capitalization of $5.82 billion, a PE ratio of 34.37, a PEG ratio of 0.55 and a beta of 1.31.
LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Friday, May 17th. The transportation company reported ($0.10) 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 business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Sell-side analysts anticipate that LATAM Airlines Group will post 0.4 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LTM. Bessemer Group Inc. purchased a new stake in shares of LATAM Airlines Group during the fourth quarter valued at approximately $69,000. Hardman Johnston Global Advisors LLC purchased a new stake in shares of LATAM Airlines Group during the first quarter valued at approximately $118,000. Bank of America Corp DE raised its stake in shares of LATAM Airlines Group by 68.3% during the fourth quarter. Bank of America Corp DE now owns 12,160 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 4,934 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of LATAM Airlines Group during the fourth quarter valued at approximately $139,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of LATAM Airlines Group during the fourth quarter valued at approximately $169,000. Hedge funds and other institutional investors 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.
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