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

LATAM Airlines Group S.A. (NYSE:LTM) has received a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.2667.

LTM has been the topic of a number of analyst reports. JPMorgan Chase & Co. started coverage on LATAM Airlines Group in a research note on Wednesday, June 3rd. They issued an “overweight” rating and a $70.00 price target on the stock. Jefferies Financial Group began coverage on shares of LATAM Airlines Group in a research note on Thursday, June 18th. They issued a “buy” rating and a $70.00 target price on the stock. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Friday, July 17th. Finally, Zacks Research raised LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th.

LATAM Airlines Group Stock Performance

Shares of LATAM Airlines Group stock opened at $50.19 on Monday. LATAM Airlines Group has a 52-week low of $41.08 and a 52-week high of $70.42. The stock’s 50-day simple moving average is $53.15 and its 200 day simple moving average is $54.12. The stock has a market capitalization of $14.41 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.00 and a beta of 3.61.

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

Hedge Funds Weigh In On LATAM Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in LATAM Airlines Group by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the transportation company’s stock worth $169,000 after acquiring an additional 198 shares during the period. Blue Trust Inc. lifted its holdings in shares of LATAM Airlines Group by 3.6% in the fourth quarter. Blue Trust Inc. now owns 6,226 shares of the transportation company’s stock worth $336,000 after buying an additional 219 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of 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 acquiring an additional 239 shares during the last quarter. Farther Finance Advisors LLC grew its stake in LATAM Airlines Group by 49.1% during the fourth quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in 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 acquiring an additional 342 shares in the last quarter.

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.