LATAM Airlines Group S.A. (NYSE:LTM) Receives $66.27 Consensus PT from Analysts

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

LTM has been the subject of several research analyst reports. Jefferies Financial Group started coverage on LATAM Airlines Group in a research note on Thursday, June 18th. They set a “buy” rating and a $70.00 target price for the company. JPMorgan Chase & Co. assumed coverage on LATAM Airlines Group in a report on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Friday, July 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $72.60 price objective on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Trading of LATAM Airlines Group

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in LATAM Airlines Group by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the transportation company’s stock valued at $169,000 after purchasing an additional 198 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in LATAM Airlines Group by 0.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,161 shares of the transportation company’s stock worth $1,936,000 after purchasing an additional 239 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of LATAM Airlines Group by 49.1% in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of LATAM Airlines Group by 26.2% in the 2nd 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. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of LATAM Airlines Group by 19.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 391 shares during the last quarter.

LATAM Airlines Group Price Performance

Shares of LTM stock opened at $50.62 on Friday. The company has a fifty day moving average price of $54.34 and a two-hundred day moving average price of $53.33. LATAM Airlines Group has a one year low of $41.41 and a one year high of $70.42. The stock has a market cap of $14.53 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.15 and a beta of 3.62.

LATAM Airlines Group (NYSE:LTM) last issued its earnings results on Tuesday, August 4th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.06 billion. As a group, equities research analysts anticipate that LATAM Airlines Group will post 5.46 EPS for the current fiscal year.

About LATAM Airlines Group

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.