JPMorgan Chase & Co. lowered shares of LATAM Airlines Group (NYSE:LTM) from a neutral rating to an underweight rating in a research note released on Monday, MarketBeat Ratings reports. They currently have $17.00 price objective on the transportation company’s stock.

A number of other research analysts also recently commented on LTM. Santander downgraded LATAM Airlines Group from a buy rating to a hold rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded LATAM Airlines Group from a hold rating to a strong-buy rating and set a $16.00 target price on the stock in a research note on Tuesday, December 26th. Citigroup downgraded LATAM Airlines Group from a neutral rating to a sell rating in a research note on Wednesday, February 7th. Finally, ValuEngine upgraded LATAM Airlines Group from a hold rating to a buy rating in a research note on Thursday, March 1st. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of Hold and an average price target of $15.33.

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LATAM Airlines Group stock opened at $15.33 on Monday. LATAM Airlines Group has a 52 week low of $10.53 and a 52 week high of $17.39. The company has a market capitalization of $9,417.50, a PE ratio of 61.32 and a beta of 1.69.

Hedge funds and other institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in LATAM Airlines Group in the fourth quarter valued at about $10,528,000. Commonwealth Equity Services Inc purchased a new position in LATAM Airlines Group in the third quarter valued at about $288,000. Nordea Investment Management AB grew its stake in LATAM Airlines Group by 165.7% in the third quarter. Nordea Investment Management AB now owns 108,458 shares of the transportation company’s stock valued at $1,437,000 after purchasing an additional 67,639 shares in the last quarter. State Street Corp grew its stake in LATAM Airlines Group by 1.5% in the second quarter. State Street Corp now owns 901,809 shares of the transportation company’s stock valued at $9,984,000 after purchasing an additional 12,941 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in LATAM Airlines Group by 2,753.2% in the third quarter. JPMorgan Chase & Co. now owns 65,624 shares of the transportation company’s stock valued at $866,000 after purchasing an additional 63,324 shares in the last quarter. Hedge funds and other institutional investors own 3.05% of the company’s stock.

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LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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