Shares of LATAM Airlines Group SA (NYSE:LTM) gapped up before the market opened on Wednesday . The stock had previously closed at $2.33, but opened at $2.53. LATAM Airlines Group shares last traded at $2.90, with a volume of 2,368,871 shares traded.
LTM has been the subject of several recent analyst reports. Itau Unibanco raised LATAM Airlines Group to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, January 24th. Raymond James raised LATAM Airlines Group from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a research note on Monday, March 23rd. Zacks Investment Research raised LATAM Airlines Group from a “sell” rating to a “hold” rating and set a $9.25 target price for the company in a research note on Wednesday, January 22nd. HSBC lowered LATAM Airlines Group from a “buy” rating to a “hold” rating and set a $9.50 price target for the company. in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered LATAM Airlines Group from a “neutral” rating to an “underweight” rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.84.
The stock has a market capitalization of $1.38 billion, a PE ratio of 9.35 and a beta of 1.93. The stock has a fifty day moving average of $5.01 and a 200-day moving average of $9.08.
About LATAM Airlines Group (NYSE:LTM)
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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