ValuEngine upgraded shares of LATAM Airlines Group (NYSE:LTM) from a hold rating to a buy rating in a research report report published on Wednesday morning.
Several other brokerages have also commented on LTM. Zacks Investment Research raised LATAM Airlines Group from a sell rating to a hold rating in a report on Monday, November 26th. Citigroup raised LATAM Airlines Group from a sell rating to a neutral rating and set a $11.00 price objective for the company in a report on Monday, November 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $14.00.
LTM stock opened at $10.21 on Wednesday. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 39.27 and a beta of 1.70. LATAM Airlines Group has a twelve month low of $8.41 and a twelve month high of $17.39.
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 Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.75 billion. LATAM Airlines Group had a return on equity of 3.00% and a net margin of 1.20%. As a group, equities research analysts expect that LATAM Airlines Group will post 0.3 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in LATAM Airlines Group by 1.3% in 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 boosted its stake in LATAM Airlines Group by 3.6% in 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. purchased a new stake in LATAM Airlines Group in the third quarter worth approximately $5,666,000. SG Americas Securities LLC purchased a new stake in LATAM Airlines Group in the third quarter worth approximately $4,514,000. Finally, Standard Life Aberdeen plc lifted its position in LATAM Airlines Group by 144.6% in the second quarter. Standard Life Aberdeen plc now owns 222,300 shares of the transportation company’s stock valued at $2,199,000 after purchasing an additional 131,400 shares during the last quarter. 2.36% of the stock is owned by institutional investors and hedge funds.
About LATAM Airlines Group
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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