LATAM Airlines Group SA (LTM) Receives $15.00 Consensus Target Price from Analysts

LATAM Airlines Group SA (NYSE:LTM) has received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.00.

A number of research analysts recently weighed in on LTM shares. ValuEngine downgraded shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup downgraded shares of LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Tuesday, December 26th. Santander downgraded shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. downgraded shares of LATAM Airlines Group from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a research report on Monday, March 19th.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. bought a new position in shares of LATAM Airlines Group in the 4th quarter valued at about $165,000. Macquarie Group Ltd. bought a new position in shares of LATAM Airlines Group in the 4th quarter valued at about $4,091,000. Millennium Management LLC bought a new position in shares of LATAM Airlines Group in the 4th quarter valued at about $3,191,000. Two Sigma Investments LP bought a new position in shares of LATAM Airlines Group in the 4th quarter valued at about $614,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of LATAM Airlines Group in the 4th quarter valued at about $2,366,000. 3.05% of the stock is owned by institutional investors.

LTM stock traded down $0.10 during trading on Wednesday, reaching $14.93. 309,395 shares of the company were exchanged, compared to its average volume of 376,263. The company has a market capitalization of $9,114.30, a P/E ratio of 59.72 and a beta of 1.69. LATAM Airlines Group has a 1-year low of $10.53 and a 1-year high of $17.39.

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About LATAM Airlines Group

LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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