LATAM Airlines Group (NYSE:LTM) Sets New 52-Week High – Still a Buy?

LATAM Airlines Group S.A. (NYSE:LTM) reached a new 52-week high during trading on Tuesday . The company traded as high as $58.58 and last traded at $58.6930, with a volume of 186128 shares. The stock had previously closed at $57.72.

Analyst Ratings Changes

A number of research firms have weighed in on LTM. Zacks Research upgraded shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.50 target price on shares of LATAM Airlines Group in a report on Friday, December 5th. Barclays set a $60.00 price target on LATAM Airlines Group and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Finally, Wall Street Zen upgraded LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, LATAM Airlines Group has a consensus rating of “Buy” and an average price target of $59.25.

LATAM Airlines Group Price Performance

The business has a 50-day simple moving average of $51.40 and a 200-day simple moving average of $47.00. The firm has a market capitalization of $17.78 billion, a PE ratio of 14.04, a P/E/G ratio of 0.41 and a beta of 3.88.

Institutional Trading of LATAM Airlines Group

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its position in LATAM Airlines Group by 39.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 3,028 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 858 shares during the last quarter. Liontrust Investment Partners LLP lifted its holdings in shares of LATAM Airlines Group by 15.3% in the 2nd quarter. Liontrust Investment Partners LLP now owns 6,722 shares of the transportation company’s stock worth $273,000 after acquiring an additional 891 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of LATAM Airlines Group by 58.4% during the 2nd quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock worth $125,000 after purchasing an additional 1,138 shares during the period. Rhumbline Advisers grew its holdings in LATAM Airlines Group by 37.6% during the 3rd quarter. Rhumbline Advisers now owns 4,394 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Aubrey Capital Management Ltd grew its holdings in LATAM Airlines Group by 0.4% during the 3rd quarter. Aubrey Capital Management Ltd now owns 336,653 shares of the transportation company’s stock valued at $15,234,000 after purchasing an additional 1,500 shares during the last quarter.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.