Procurement News Notice |
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| PNN | 9104 |
| Work Detail | LATAM Airlines Group SA (NYSE:LFL) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal” rating in a research report issued on Thursday. The firm currently has a $8.80 price objective on the stock, up from their previous price objective of $6.50. Morgan Stanley‘s price target would indicate a potential upside of 10.00% from the company’s previous close. Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Deutsche Bank AG raised shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $11.00 in a report on Wednesday, July 20th. Bank of America Corp. raised shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. Citigroup lowered shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a report on Monday, August 1st. Finally, Goldman Sachs Group lowered shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and cut their price objective for the company from $6.70 to $5.80 in a report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.65. A number of institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives raised its position in LATAM Airlines Group SA by 3.9% in the first quarter. Exane Derivatives now owns 48,083 shares of the company’s stock valued at $337,000 after buying an additional 1,827 shares in the last quarter. BlackRock Fund Advisors increased its stake in LATAM Airlines Group SA by 4.1% in the first quarter. BlackRock Fund Advisors now owns 719,385 shares of the company’s stock valued at $5,036,000 after buying an additional 28,409 shares during the last quarter. Scotia Capital Inc. bought a new stake in LATAM Airlines Group SA during the first quarter valued at approximately $224,000. State Street Corp increased its stake in LATAM Airlines Group SA by 4.9% in the first quarter. State Street Corp now owns 1,005,684 shares of the company’s stock valued at $7,040,000 after buying an additional 46,940 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in LATAM Airlines Group SA by 227.3% in the first quarter. Canada Pension Plan Investment Board now owns 71,998 shares of the company’s stock valued at $504,000 after buying an additional 50,000 shares during the last quarter. 3.27% of the stock is currently owned by institutional investors and hedge funds. Shares of LATAM Airlines Group SA (NYSE:LFL) traded up 0.87% during trading on Thursday, reaching $8.07. The company’s stock had a trading volume of 124,030 shares. The stock’s 50-day moving average is $8.58 and its 200-day moving average is $7.14. The stock’s market cap is $4.40 billion. LATAM Airlines Group SA has a 12-month low of $4.35 and a 12-month high of $9.24. LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. |
| Country | Argentina , South America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.thecerbatgem.com/2016/09/08/latam-airlines-group-sa-lfl-lifted-to-equal-weight-at-morgan-stanley.html |
