LATAM Airlines Group SA (NYSE:LTM)’s stock price 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 changing hands.
Several research firms recently commented on LTM. JPMorgan Chase & Co. cut LATAM Airlines Group from a “neutral” rating to an “underweight” rating in a research report on Monday, March 16th. Raymond James raised LATAM Airlines Group from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Monday, March 23rd. ValuEngine raised LATAM Airlines Group from a “sell” rating to a “hold” rating in a research report on Monday, March 30th. Barclays reissued a “hold” rating and set a $3.50 target price on shares of LATAM Airlines Group in a research note on Monday. Finally, Zacks Investment Research raised LATAM Airlines Group from a “sell” rating to a “hold” rating and set a $9.25 target price on the stock in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.84.
The stock has a market capitalization of $1.38 billion, a P/E ratio of 9.35 and a beta of 1.93. The company has a 50-day moving average price of $5.01 and a 200 day moving average price 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.
Read More: Hold Rating
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