LATAM Airlines Group (LTM) Upgraded at ValuEngine

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ValuEngine upgraded shares of LATAM Airlines Group (NYSE:LTM) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Several other analysts have also recently commented on LTM. Zacks Investment Research upgraded shares of LATAM Airlines Group from a sell rating to a hold rating in a report on Monday, November 26th. Citigroup upgraded shares of LATAM Airlines Group from a sell rating to a neutral rating and set a $11.00 price target for the company in a report on Monday, November 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $14.00.

LATAM Airlines Group stock opened at $9.88 on Wednesday. The company has a market capitalization of $6.15 billion, a PE ratio of 38.00 and a beta of 1.70. LATAM Airlines Group has a fifty-two week low of $8.41 and a fifty-two week high of $17.39.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Wednesday, November 21st. The transportation company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.75 billion. LATAM Airlines Group had a net margin of 1.20% and a return on equity of 3.00%. As a group, research analysts predict that LATAM Airlines Group will post 0.3 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its holdings in shares of LATAM Airlines Group by 1,718.9% during the third quarter. Canada Pension Plan Investment Board now owns 12,496 shares of the transportation company’s stock worth $117,000 after purchasing an additional 11,809 shares during the period. Caxton Associates LP acquired a new stake in shares of LATAM Airlines Group during the third quarter worth approximately $208,000. Stevens Capital Management LP acquired a new stake in LATAM Airlines Group in the second quarter valued at approximately $243,000. Pinebridge Investments L.P. lifted its stake in LATAM Airlines Group by 11.1% in the second quarter. Pinebridge Investments L.P. now owns 65,381 shares of the transportation company’s stock valued at $647,000 after acquiring an additional 6,545 shares during the last quarter. Finally, KBC Group NV lifted its stake in LATAM Airlines Group by 38.3% in the second quarter. KBC Group NV now owns 72,995 shares of the transportation company’s stock valued at $722,000 after acquiring an additional 20,229 shares during the last quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.

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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