Brokerages Set LATAM Airlines Group S.A. (NYSE:LTM) PT at $68.70

LATAM Airlines Group S.A. (NYSE:LTM) has received a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $66.0250.

A number of equities research analysts recently commented on LTM shares. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Zacks Research lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Citigroup upgraded LATAM Airlines Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $53.00 to $58.00 in a report on Tuesday, March 17th. The Goldman Sachs Group set a $64.10 price target on LATAM Airlines Group and gave the company a “neutral” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd.

Institutional Investors Weigh In On LATAM Airlines Group

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of LATAM Airlines Group by 49.1% during the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 246 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of LATAM Airlines Group in the fourth quarter worth $78,000. Tower Research Capital LLC TRC acquired a new position in LATAM Airlines Group during the second quarter worth $90,000. Rhumbline Advisers boosted its holdings in LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in LATAM Airlines Group by 19.6% in the fourth 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 in the last quarter.

LATAM Airlines Group Stock Performance

NYSE LTM opened at $47.66 on Tuesday. The business has a 50 day simple moving average of $57.74 and a 200 day simple moving average of $51.50. LATAM Airlines Group has a 52-week low of $26.36 and a 52-week high of $70.42. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.32 and a beta of 3.89.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. On average, analysts predict that LATAM Airlines Group will post 3.37 EPS for the current 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.