LATAM Airlines Group S.A. (LTM) – What Are Researchers Thinking About This Stock?

LATAM Airlines Group S.A. (NYSE:LTM) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $66.27.

A number of analysts have commented on the stock. Weiss Ratings raised shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 26th. Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Wall Street Zen downgraded LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th.

Hedge Funds Weigh In On LATAM Airlines Group

Several large investors have recently made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of LATAM Airlines Group in the third quarter valued at $26,000. Assetmark Inc. increased its position in shares of LATAM Airlines Group by 684.3% during the first quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 1,136 shares during the last quarter. Signaturefd LLC lifted its stake in shares of LATAM Airlines Group by 41.4% during the 3rd quarter. Signaturefd LLC now owns 1,448 shares of the transportation company’s stock valued at $72,000 after buying an additional 424 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of LATAM Airlines Group by 26.2% during the second quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock worth $96,000 after purchasing an additional 342 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in LATAM Airlines Group during the third quarter valued at about $129,000.

LATAM Airlines Group Stock Down 0.0%

LTM stock opened at $42.36 on Wednesday. The company has a market cap of $12.16 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.05 and a beta of 3.64. LATAM Airlines Group has a twelve month low of $41.44 and a twelve month high of $70.42. The business’s fifty day moving average is $49.86 and its 200-day moving average is $52.87.

LATAM Airlines Group (NYSE:LTM) last issued its earnings results on Tuesday, August 4th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.06 billion. Research analysts anticipate that LATAM Airlines Group will post 4.82 earnings per share for the current fiscal year.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.