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

Shares of LATAM Airlines Group S.A. (NYSE:LTM) have received an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $66.0250.

A number of research firms have weighed in on LTM. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. Barclays reissued an “overweight” rating and set a $75.00 price objective (up from $60.00) on shares of LATAM Airlines Group in a report on Thursday, February 5th. Morgan Stanley restated an “equal weight” rating and set a $67.00 price objective (up from $56.00) on shares of LATAM Airlines Group in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group set a $64.10 target price on LATAM Airlines Group and gave the company a “neutral” rating in a research report on Thursday, February 12th.

LATAM Airlines Group Trading Up 1.7%

LTM opened at $49.40 on Tuesday. The company has a market cap of $14.93 billion, a P/E ratio of 9.92, a PEG ratio of 0.33 and a beta of 3.89. The company’s 50 day moving average is $57.93 and its 200-day moving average is $51.52. LATAM Airlines Group has a 1-year low of $26.36 and a 1-year high of $70.42.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings data on Tuesday, February 3rd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.81 billion. LATAM Airlines Group had a net margin of 10.07% and a return on equity of 136.61%. On average, equities analysts forecast that LATAM Airlines Group will post 3.37 EPS for the current year.

Institutional Investors Weigh In On LATAM Airlines Group

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in LATAM Airlines Group by 49.1% during the 4th quarter. Farther Finance Advisors LLC now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 246 shares during the last quarter. Leonteq Securities AG bought a new position in shares of LATAM Airlines Group during the fourth quarter valued at $78,000. Tower Research Capital LLC TRC bought a new position in shares of LATAM Airlines Group during the second quarter valued at $90,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LATAM Airlines Group by 19.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,386 shares of the transportation company’s stock worth $129,000 after purchasing an additional 391 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of LATAM Airlines Group by 340.2% in the fourth quarter. Royal Bank of Canada now owns 2,672 shares of the transportation company’s stock worth $144,000 after purchasing an additional 2,065 shares during the last quarter.

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.