LATAM Airlines Group S.A. (NYSE:LTM) Stock Has Average Target Price of $66.27

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $66.27.

LTM has been the subject of several research reports. Wall Street Zen downgraded LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. 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 price target on the stock. Weiss Ratings lowered LATAM Airlines Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Finally, Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th.

Hedge Funds Weigh In On LATAM Airlines Group

A number of large investors have recently modified their holdings of LTM. GAMMA Investing LLC raised its holdings in LATAM Airlines Group by 20.5% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the transportation company’s stock worth $99,000 after buying an additional 338 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of LATAM Airlines Group by 8.7% during the second quarter. QRG Capital Management Inc. now owns 9,403 shares of the transportation company’s stock valued at $548,000 after buying an additional 755 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of LATAM Airlines Group during the second quarter valued at about $344,000. Nykredit A S bought a new stake in shares of LATAM Airlines Group during the second quarter worth about $446,000. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. increased its position in shares of LATAM Airlines Group by 1,478.6% during the second quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. now owns 326,007 shares of the transportation company’s stock worth $18,996,000 after acquiring an additional 305,355 shares in the last quarter.

LATAM Airlines Group Trading Down 0.3%

NYSE:LTM opened at $50.29 on Friday. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.22 and a beta of 3.64. The firm has a fifty day simple moving average of $51.97 and a two-hundred day simple moving average of $51.96. LATAM Airlines Group has a 12 month low of $41.41 and a 12 month high of $70.42.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.06 billion. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. Equities analysts predict that LATAM Airlines Group will post 4.96 earnings per share for the current fiscal year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. Through its LATAM Airlines affiliates, the group provides scheduled passenger and cargo air services to domestic and international destinations.

The company serves markets across South America, including Chile, Brazil, Colombia, Ecuador, and Peru, as well as destinations in North America, the Caribbean, Europe, and Oceania. Its operations include domestic routes within several Latin American countries, international passenger services, and air freight transportation.

LATAM Airlines Group was created in 2012 through the merger of Chile’s LAN Airlines and Brazil’s TAM Airlines.