Brokerages Set LATAM Airlines Group S.A. (NYSE:LTM) Target Price at $68.70

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $68.70.

LTM has been the subject of a number of research reports. Barclays reaffirmed 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 LATAM Airlines Group and gave the stock a “neutral” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. Zacks Research upgraded LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Wall Street Zen raised LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd.

Hedge Funds Weigh In On LATAM Airlines Group

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in LATAM Airlines Group by 49.1% in the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 246 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of LATAM Airlines Group in the fourth quarter worth about $78,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of LATAM Airlines Group by 761.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock worth $88,000 after purchasing an additional 1,918 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of LATAM Airlines Group in the second quarter worth about $90,000. Finally, Rhumbline Advisers boosted its stake in LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after buying an additional 1,700 shares during the last quarter.

LATAM Airlines Group Stock Performance

LTM stock opened at $57.62 on Friday. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 0.38 and a beta of 3.88. The business’s 50-day moving average is $59.05 and its two-hundred day moving average is $50.86. LATAM Airlines Group has a fifty-two week low of $26.36 and a fifty-two week high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly 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. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.81 billion. Equities analysts predict that LATAM Airlines Group will post 3.37 earnings per share 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.