Analysts Set LATAM Airlines Group S.A. (NYSE:LTM) Target Price at $66.27

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

Several equities analysts have recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $72.60 price objective on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Jefferies Financial Group started coverage on LATAM Airlines Group in a research report on Thursday, June 18th. They set a “buy” rating and a $70.00 target price for the company. JPMorgan Chase & Co. started coverage on LATAM Airlines Group in a research note on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 target price on the stock. Wall Street Zen raised LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a report on Friday, July 17th.

Hedge Funds Weigh In On LATAM Airlines Group

Several hedge funds have recently modified their holdings of LTM. Farther Finance Advisors LLC boosted its position in shares of LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 246 shares during the last quarter. Assetmark Inc. increased its holdings in LATAM Airlines Group by 684.3% in the 1st 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. Leonteq Securities AG purchased a new stake in LATAM Airlines Group in the 4th quarter worth $78,000. Tower Research Capital LLC TRC bought a new position in shares of LATAM Airlines Group during the 2nd quarter valued at about $90,000. Finally, GAMMA Investing LLC grew its position 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 valued at $96,000 after purchasing an additional 342 shares in the last quarter.

LATAM Airlines Group Price Performance

Shares of LTM stock opened at $50.19 on Monday. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 1.01 and a beta of 3.61. LATAM Airlines Group has a one year low of $41.08 and a one year high of $70.42. The company’s fifty day moving average price is $53.15 and its 200-day moving average price is $54.10.

LATAM Airlines Group (NYSE:LTM) last issued its earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.66. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.96 billion. Equities research analysts expect that LATAM Airlines Group will post 5.95 earnings per share for the current fiscal year.

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.