Analysts Set LATAM Airlines Group SA (LTM) Price Target at $14.50

LATAM Airlines Group SA (NYSE:LTM) has been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.33.

Several equities analysts have weighed in on the company. ValuEngine upgraded LATAM Airlines Group from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Zacks Investment Research upgraded LATAM Airlines Group from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Citigroup upgraded LATAM Airlines Group from a “sell” rating to a “neutral” rating and set a $11.00 price objective on the stock in a research note on Monday, November 26th.

Several institutional investors have recently bought and sold shares of LTM. Dimensional Fund Advisors LP grew its position in LATAM Airlines Group by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,906,802 shares of the transportation company’s stock worth $36,759,000 after buying an additional 51,956 shares in the last quarter. Northern Trust Corp grew its position in LATAM Airlines Group by 3.6% during the second quarter. Northern Trust Corp now owns 638,232 shares of the transportation company’s stock worth $6,312,000 after buying an additional 22,417 shares in the last quarter. Banco Santander S.A. acquired a new stake in LATAM Airlines Group during the third quarter worth about $5,666,000. SG Americas Securities LLC acquired a new stake in LATAM Airlines Group during the third quarter worth about $4,514,000. Finally, Standard Life Aberdeen plc grew its position in LATAM Airlines Group by 144.6% during the second quarter. Standard Life Aberdeen plc now owns 222,300 shares of the transportation company’s stock worth $2,199,000 after buying an additional 131,400 shares in the last quarter. Institutional investors and hedge funds own 2.57% of the company’s stock.

NYSE LTM traded up $0.18 during trading on Monday, hitting $10.42. 884,408 shares of the company traded hands, compared to its average volume of 470,337. LATAM Airlines Group has a 12 month low of $8.41 and a 12 month high of $17.39. The firm has a market cap of $6.21 billion, a P/E ratio of 40.08 and a beta of 1.65.

LATAM Airlines Group (NYSE:LTM) last posted its earnings results on Wednesday, November 21st. The transportation company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. LATAM Airlines Group had a return on equity of 3.00% and a net margin of 1.20%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.75 billion. On average, analysts forecast that LATAM Airlines Group will post 0.3 earnings per share for the current fiscal year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

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