LATAM Airlines is a big name when we talk about air carriers, LATAM airlines together with its subsidiaries provide passenger and cargo transportation services in Peru, Argentina, The United states, Colombia, Brazil, Ecuador, Chile and rest of the Latin American countries it also serves Europe and Asia Pacific. The company majorly serves in two segments including Air transportation and Coalition and Loyalty program multipus.
LATAM Airlines shares got upgraded by Valuengine on Wednesday, according to a report valuengine has upgraded it shares from hold rating to buy rating.
On the other hand, it is also reported that Citigroup has also upgraded the shares of LATAM airlines from sell rating to neutral rating and set a $ 11.00 price objective on stock in research report released on Monday. On November 26th 2018 Zack investment research upgraded shares of LATAM Airlines group from a sell rating to a hold rating in which one analyst has rated the stock with a sell rating and three have given a hold rating and one has assigned a buy rating to the company.
LATMA Airlines has a current rating of hold and an average target price of $ 14.00. NYSE:LTM opened at $9.88 on Wednesday. The stock has a market capitalization of $16.15 billion a P/E 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
It also issued its quarterly earning data on Wednesday Nov 21st, the airline carrier company reported $ 0.09 earning per share for the quarters beating the Thomson Reuters consensus estimate of 0.08$ by 0.01$. The firm has revenue of $ 2.39 billion for the quarter compared to consensus estimate of $2.75 billion. LATAM airline group in this way has a net margin of 1.20% and return equity of 3.00%. A research analyst has predicted that the airlines will have 0.3 earnings per share for the current year.
Hedge funds has reduced stakes in business and Banco Santander S.A. acquired a new position in shares of LATAM IN THE 3RD quarter with $5,666,000. SG Americas Securities LLC acquired a new position in shares of LATAM airlines group in third quarter worth $4,514,000, standard life Aberdeen pic grew it stakes in share LATAM airlines group by 14.4% in the 2nd quarter, it now owns 222,300 shares of LATAM and it is worth $2,199,000 after purchasing the additional $131,400 shares during the last quarter. Citadel advisors LLC acquired a new position in shares of LATAM Airlines group in the 3rd quarter worth approx. $822,000 AND AT THE LAST Jane street group LLC acquired a new position in shares of the company in the 2nd quarter worth approx. $842,000. Institutional investor owns 2.36% of the company shares.