LATAM Airlines Group (NYSE:LTM) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
Several other brokerages 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 target price for the company in a report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.00.
Shares of LTM opened at $10.14 on Wednesday. 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 $6.19 billion, a P/E ratio of 39.00 and a beta of 1.70.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its holdings in 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 last quarter. Caxton Associates LP acquired a new position in LATAM Airlines Group during the third quarter worth $208,000. Stevens Capital Management LP acquired a new position in LATAM Airlines Group during the second quarter worth $243,000. Pinebridge Investments L.P. boosted its holdings in LATAM Airlines Group by 11.1% during the second quarter. Pinebridge Investments L.P. now owns 65,381 shares of the transportation company’s stock worth $647,000 after purchasing an additional 6,545 shares during the last quarter. Finally, KBC Group NV boosted its holdings in LATAM Airlines Group by 38.3% during the second quarter. KBC Group NV now owns 72,995 shares of the transportation company’s stock worth $722,000 after purchasing 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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