LATAM Airlines Group S.A. (NYSE:LTM) Receives $68.70 Consensus Target Price from Analysts

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $66.0250.

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Barclays restated an “overweight” rating and set a $75.00 target price (up from $60.00) on shares of LATAM Airlines Group in a report on Thursday, February 5th. The Goldman Sachs Group set a $64.10 target price on shares of LATAM Airlines Group and gave the company a “neutral” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 price target (up from $56.00) on shares of LATAM Airlines Group in a research note on Friday, February 20th. Finally, Citigroup raised shares of LATAM Airlines Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $53.00 to $58.00 in a research report on Tuesday, March 17th.

Institutional Trading of LATAM Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of LTM. Itau Unibanco Holding S.A. bought a new position in LATAM Airlines Group in the fourth quarter valued at approximately $83,266,000. Arrowstreet Capital Limited Partnership raised its stake in shares of LATAM Airlines Group by 248.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,484,669 shares of the transportation company’s stock worth $67,181,000 after purchasing an additional 1,058,554 shares in the last quarter. Burkehill Global Management LP acquired a new stake in shares of LATAM Airlines Group in the 3rd quarter valued at approximately $42,988,000. SPX Gestao de Recursos Ltda grew its stake in shares of LATAM Airlines Group by 3,884.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 935,321 shares of the transportation company’s stock valued at $42,323,000 after buying an additional 911,847 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in LATAM Airlines Group during the third quarter worth $37,331,000.

LATAM Airlines Group Price Performance

LTM stock opened at $49.72 on Tuesday. The stock has a market capitalization of $15.03 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.32 and a beta of 3.89. LATAM Airlines Group has a fifty-two week low of $26.36 and a fifty-two week high of $70.42. The business has a 50-day moving average of $57.58 and a 200-day moving average of $51.49.

LATAM Airlines Group (NYSE:LTM) last announced its earnings results on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.81 billion. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%. Equities analysts expect that LATAM Airlines Group will post 3.37 EPS for the current year.

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.