New Neutral Rating Was Given to LATAM Airlines (LTM)

July 16, 2018 - By Pearl Odom

LATAM Airlines Group S.A. (NYSE:LTM) Logo

Investors sentiment Infinity in Q1 2018. Its in 2017Q4. It [12345], as 0 investors sold LATAM Airlines Group S.A. shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 72,624 shares or 11.27% more from 65,268 shares in 2017Q4 were reported.

Gemmer Asset Mngmt Limited Liability Com has 28 shares. Eqis Cap invested in 36,284 shares or 0.03% of the stock.

Why Has Goldman Sachs Given LATAM Airlines (LTM) a $12.0 Price Target

Goldman Sachs analyst initiated coverage on LATAM Airlines (LTM) with a $12.0 target price per share and Neutral rating. The target price per share would suggest a potential downside of -11.63 % from company’s last price.

LATAM Airlines Group S.A. (NYSE:LTM) Ratings Coverage

Among 2 analysts covering LATAM Airlines (LTM), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. LATAM Airlines has $16.5 highest and $14.0 lowest target. $15.25’s average target is 49.07% above currents $10.23 stock price. LATAM Airlines had 2 analyst reports since February 7, 2018 according to SRatingsIntel. The stock of LATAM Airlines Group S.A. (NYSE:LTM) has “Sell” rating given on Wednesday, February 7 by Citigroup. J.P. Morgan downgraded the stock to “Sell” rating in Monday, March 19 report.

The stock decreased 0.29% or $0.03 during the last trading session, reaching $10.23. About 144,270 shares traded. LATAM Airlines Group S.A. (LTM) has risen 15.23% since July 16, 2017 and is uptrending. It has outperformed by 2.66% the S&P500.

Analysts await LATAM Airlines Group S.A. (NYSE:LTM) to report earnings on August, 16. They expect $-0.12 earnings per share, up 47.83 % or $0.11 from last year’s $-0.23 per share. After $0.15 actual earnings per share reported by LATAM Airlines Group S.A. for the previous quarter, Wall Street now forecasts -180.00 % negative EPS growth.

LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company has market cap of $5.92 billion. The firm operates in two divisions, Air Transportation; and Coalition and Loyalty Program Multiplus. It has a 33.76 P/E ratio. It provides passenger transport services to approximately 137 destinations in 24 countries and cargo services to approximately 144 destinations in 29 countries with a fleet of 307 aircraft.

More news for LATAM Airlines Group S.A. (NYSE:LTM) were recently published by:, which released: “Goldman Sachs Starts LatAm Airlines Group (LTM) at Neutral” on July 16, 2018.‘s article titled: “5 of the Best Stocks to Invest In Right Now for Massive Growth” and published on June 29, 2018 is yet another important article.

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