LATAM Airlines Group (NYSE:LTM) Upgraded by ValuEngine to Buy

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ValuEngine upgraded shares of LATAM Airlines Group (NYSE:LTM) from a hold rating to a buy rating in a research report released on Monday, ValuEngine reports.

Several other brokerages also recently issued reports on LTM. Zacks Investment Research downgraded shares of HANNOVER RUECK/S from a hold rating to a sell rating in a report on Monday, April 22nd. Goldman Sachs Group downgraded shares of LATAM Airlines Group from a neutral rating to a sell rating and boosted their price target for the company from $9.20 to $9.30 in a report on Tuesday, July 2nd. TheStreet downgraded shares of Twin Disc from a b- rating to a c+ rating in a report on Tuesday, June 11th. Finally, Bradesco Corretora set a $11.00 price target on shares of LATAM Airlines Group and gave the company a hold rating in a report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. LATAM Airlines Group has a consensus rating of Hold and a consensus price target of $11.08.

LATAM Airlines Group stock opened at $10.31 on Monday. The firm has a market capitalization of $5.82 billion, a P/E ratio of 34.37, a PEG ratio of 0.55 and a beta of 1.31. The stock has a fifty day simple moving average of $9.13. LATAM Airlines Group has a 12 month low of $8.05 and a 12 month high of $12.30.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings data on Friday, May 17th. The transportation company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). LATAM Airlines Group had a return on equity of 0.78% and a net margin of 0.29%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.82 billion. As a group, equities analysts forecast that LATAM Airlines Group will post 0.4 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of LATAM Airlines Group by 3.2% during the fourth quarter. Northern Trust Corp now owns 673,915 shares of the transportation company’s stock valued at $6,941,000 after purchasing an additional 20,742 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in LATAM Airlines Group by 23.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 24,000 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 4,500 shares in the last quarter. Bessemer Group Inc. acquired a new stake in LATAM Airlines Group in the fourth quarter valued at approximately $69,000. Stone Ridge Asset Management LLC acquired a new stake in LATAM Airlines Group in the fourth quarter valued at approximately $169,000. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in LATAM Airlines Group in the fourth quarter valued at approximately $464,000. 2.21% of the stock is owned by institutional investors.

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, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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