Brokerages Set LATAM Airlines Group S.A. (NYSE:LTM) Price Target at $66.27

LATAM Airlines Group S.A. (NYSE:LTM) has received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $66.2667.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of LATAM Airlines Group in a report on Wednesday, June 3rd. They set an “overweight” rating and a $70.00 target price on the stock. Zacks Research upgraded shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Jefferies Financial Group assumed coverage on shares of LATAM Airlines Group in a research note on Thursday, June 18th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a report on Friday, July 17th.

Institutional Investors Weigh In On LATAM Airlines Group

A number of large investors have recently added to or reduced their stakes in LTM. Farther Finance Advisors LLC boosted its position 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 worth $40,000 after purchasing an additional 246 shares during the period. Assetmark Inc. raised its position in shares of LATAM Airlines Group by 684.3% in the first quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 1,136 shares during the period. Leonteq Securities AG acquired a new stake in shares of LATAM Airlines Group during the 4th quarter worth about $78,000. Tower Research Capital LLC TRC acquired a new stake in shares of LATAM Airlines Group during the 2nd quarter worth about $90,000. Finally, GAMMA Investing LLC boosted its holdings in shares of LATAM Airlines Group by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,647 shares of the transportation company’s stock worth $96,000 after buying an additional 342 shares during the period.

LATAM Airlines Group Stock Performance

Shares of NYSE LTM opened at $51.22 on Monday. The stock has a 50 day moving average price of $53.08 and a 200 day moving average price of $54.18. LATAM Airlines Group has a 52 week low of $41.08 and a 52 week high of $70.42. The stock has a market capitalization of $14.71 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.04 and a beta of 3.61.

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

LATAM Airlines Group Company Profile

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.