LATAM Airlines Group (NYSE:LTM) Upgraded by Jefferies Financial Group to Strong-Buy Rating

by · The Markets Daily

Jefferies Financial Group upgraded shares of LATAM Airlines Group (NYSE:LTM – Free Report) to a strong-buy rating in a report issued on Thursday, Marketbeat.com reports.

Several other research firms have also issued reports on LTM. Barclays dropped their price objective on shares of LATAM Airlines Group from $75.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $72.60 price target on shares of LATAM Airlines Group in a research report on Tuesday, May 12th. Morgan Stanley upgraded LATAM Airlines Group from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $61.00 to $60.00 in a report on Thursday, March 26th. Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Finally, Zacks Research raised LATAM Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.27.

Read Our Latest Stock Analysis on LTM

LATAM Airlines Group Price Performance

NYSE LTM opened at $55.81 on Thursday. LATAM Airlines Group has a 1-year low of $36.64 and a 1-year high of $70.42. The firm has a market capitalization of $16.03 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.54 and a beta of 3.62. The business’s 50-day simple moving average is $51.01 and its 200-day simple moving average is $53.71.

LATAM Airlines Group (NYSE:LTM – Get Free Report) last posted its earnings results on Wednesday, May 6th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.66. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.96 billion. LATAM Airlines Group had a net margin of 11.03% and a return on equity of 127.75%. On average, equities research analysts expect that LATAM Airlines Group will post 4.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LTM. 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 valued at $40,000 after purchasing an additional 246 shares in the last quarter. Assetmark Inc. boosted its position in LATAM Airlines Group by 684.3% in the 1st quarter. Assetmark Inc. now owns 1,302 shares of the transportation company’s stock valued at $64,000 after buying an additional 1,136 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of LATAM Airlines Group during the fourth quarter valued at about $78,000. Tower Research Capital LLC TRC acquired a new stake in shares of LATAM Airlines Group during the second quarter valued at about $90,000. Finally, Rhumbline Advisers increased its holdings in LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,700 shares during the last quarter.

LATAM Airlines Group Company Profile

(Get Free Report)

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.

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