LATAM Airlines Group (NYSE:LTM) Upgraded at ValuEngine

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.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. Goldman Sachs Group cut LATAM Airlines Group from a neutral rating to a sell rating and lifted their target price for the company from $9.20 to $9.30 in a research note on Tuesday, July 2nd. TheStreet cut Twin Disc from a b- rating to a c+ rating in a research note on Tuesday, June 11th. Finally, Bradesco Corretora set a $11.00 target price on LATAM Airlines Group and gave the company a hold rating in a research note on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $11.08.

Shares of NYSE LTM traded up $0.11 during mid-day trading on Monday, reaching $10.31. 678,284 shares of the company traded hands, compared to its average volume of 343,510. The stock has a market cap of $5.82 billion, a PE ratio of 34.58, a PEG ratio of 0.55 and a beta of 1.31. The company’s fifty day moving average is $9.08. LATAM Airlines Group has a fifty-two week low of $8.05 and a fifty-two week high of $12.30.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings data on Friday, May 17th. The transportation company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.82 billion. On average, sell-side analysts predict that LATAM Airlines Group will post 0.4 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in LATAM Airlines Group by 3.2% during the fourth quarter. Northern Trust Corp now owns 673,915 shares of the transportation company’s stock worth $6,941,000 after acquiring an additional 20,742 shares in the last quarter. Banco Santander S.A. lifted its holdings in shares of LATAM Airlines Group by 10.5% in the first quarter. Banco Santander S.A. now owns 333,810 shares of the transportation company’s stock valued at $3,525,000 after purchasing an additional 31,710 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of LATAM Airlines Group by 202.7% in the fourth quarter. Deutsche Bank AG now owns 81,183 shares of the transportation company’s stock valued at $835,000 after purchasing an additional 54,366 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of LATAM Airlines Group by 333.8% in the fourth quarter. Millennium Management LLC now owns 56,054 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 43,132 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of LATAM Airlines Group in the fourth quarter valued at about $481,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

LATAM Airlines Group Company Profile

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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Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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