Shares of LATAM Airlines Group SA (NYSE:LTM) have received an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.33.

LTM has been the topic of several analyst reports. Zacks Investment Research lowered LATAM Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Bradesco Corretora set a $11.00 target price on LATAM Airlines Group and gave the stock a “hold” rating in a report on Monday, May 20th. ValuEngine lowered LATAM Airlines Group from a “hold” rating to a “sell” rating in a report on Friday, May 17th. Finally, TheStreet lowered LATAM Airlines Group from a “c-” rating to a “d” rating in a report on Tuesday.

LATAM Airlines Group stock traded down $0.24 during midday trading on Friday, hitting $9.01. 8,429 shares of the company were exchanged, compared to its average volume of 339,719. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.31. LATAM Airlines Group has a fifty-two week low of $8.05 and a fifty-two week high of $12.30.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Friday, May 17th. The transportation company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.82 billion. LATAM Airlines Group had a return on equity of 0.78% and a net margin of 0.29%. On average, sell-side analysts anticipate that LATAM Airlines Group will post 0.36 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of LTM. Renaissance Technologies LLC boosted its position in LATAM Airlines Group by 25.7% during the first quarter. Renaissance Technologies LLC now owns 1,364,590 shares of the transportation company’s stock worth $14,437,000 after purchasing an additional 279,300 shares in the last quarter. BlackRock Inc. boosted its position in LATAM Airlines Group by 19.7% during the first quarter. BlackRock Inc. now owns 1,598,020 shares of the transportation company’s stock worth $16,908,000 after purchasing an additional 263,077 shares in the last quarter. Crestwood Capital Management L.P. purchased a new position in LATAM Airlines Group during the first quarter worth approximately $857,000. Dimensional Fund Advisors LP boosted its position in LATAM Airlines Group by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,963,109 shares of the transportation company’s stock worth $41,927,000 after purchasing an additional 80,057 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in LATAM Airlines Group by 202.7% during the fourth quarter. Deutsche Bank AG now owns 81,183 shares of the transportation company’s stock worth $835,000 after purchasing an additional 54,366 shares in the last quarter. Institutional investors own 2.22% of the company’s stock.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.

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Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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