LATAM Airlines Group (LTM) Given a $11.00 Price Target at Bradesco Corretora

LATAM Airlines Group (NYSE:LTM) has been given a $11.00 target price by equities research analysts at Bradesco Corretora in a research report issued to clients and investors on Monday, TipRanks reports. The firm currently has a “hold” rating on the transportation company’s stock. Bradesco Corretora’s price target indicates a potential upside of 33.17% from the company’s previous close.

Several other analysts also recently commented on the company. ValuEngine downgraded LATAM Airlines Group from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research downgraded LATAM Airlines Group from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Bank of America downgraded LATAM Airlines Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.75.

Shares of LTM stock traded down $0.14 during trading hours on Monday, reaching $8.26. The company had a trading volume of 318,900 shares, compared to its average volume of 353,094. The company has a market cap of $5.01 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 0.38 and a beta of 1.29. LATAM Airlines Group has a 1-year low of $8.10 and a 1-year high of $13.57.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Wednesday, March 13th. The transportation company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.82 billion. LATAM Airlines Group had a return on equity of 5.11% and a net margin of 1.98%. Analysts predict that LATAM Airlines Group will post 0.5 EPS for the current year.

A number of institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new stake in shares of LATAM Airlines Group in the fourth quarter worth $69,000. Hardman Johnston Global Advisors LLC bought a new stake in LATAM Airlines Group during the first quarter valued at approximately $118,000. Bank of America Corp DE grew its position in LATAM Airlines Group by 68.3% during the fourth quarter. Bank of America Corp DE now owns 12,160 shares of the transportation company’s stock valued at $126,000 after buying an additional 4,934 shares during the period. Wellington Management Group LLP bought a new stake in LATAM Airlines Group during the first quarter valued at approximately $128,000. Finally, Two Sigma Advisers LP bought a new stake in LATAM Airlines Group during the fourth quarter valued at approximately $139,000. 2.32% of the stock is currently owned by institutional investors and hedge funds.

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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