Jefferies Reiterates Buy Rating for LATAM Airlines Group
Jefferies reaffirmed its buy rating for LATAM Airlines, targeting a price of $70, a 21.92% upside from the current price.
Key Points
- Jefferies reiterated its buy rating on LATAM Airlines Group (NYSE:LTM) with a $70 price target on June 18, 2026.
- Jefferies's $70 price target implies 21.92% upside from LATAM Airlines Group S.A.'s ($LTM) current $57.41 share price.
- LATAM Airlines shares are trading at $54.54, with a market cap of $16.35 billion and a P/E ratio of 9.63.
- Recent institutional moves include Newport Trust reducing its stake by 732,565 shares, while Jane Street Group added 1,421,927 shares.
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Jefferies has reiterated its buy rating for LATAM Airlines Group S.A. (NYSE:LTM), setting a price target of $70 as of June 18, 2026. The analyst, Alejandro Demichelis, maintains a positive outlook, suggesting potential upside for the airline's stock, which is currently trading at $54.54.
Jefferies vs. the S&P 500
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Other Institutional Activity in LATAM Airlines Group
Several institutional investors have recently adjusted their positions in LATAM Airlines. Newport Trust Company, LLC reduced its holdings by 732,565 shares, ending with 3,242,366 shares worth about $160.3 million. On the other hand, Robeco Institutional Asset Management B.V. increased its stake by 1,106,234 shares, bringing its total to 2,124,452 shares valued at approximately $105.0 million. Jane Street Group, LLC significantly boosted its position by adding 1,421,927 shares, now holding 1,464,081 shares valued at $72.4 million.
LATAM Airlines Group S.A. Stock Up 13.6%
Shares of LATAM Airlines Group are trading near $54.54. The company has a market cap of approximately $16.35 billion, with a P/E ratio of 9.63 and a forward P/E of 8.23. The stock has seen a 52-week low of $36.64 and a high of $70.42. Its 50-day moving average is $50.79, while the 200-day moving average is $51.10. The airline's current ratio stands at 0.672, and its quick ratio is 0.559, with a debt-to-equity ratio of 435.965.
$LTM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
LATAM Airlines reported revenue of about $14.99 billion, reflecting a growth of 21.9%. The company achieved a net margin of 11.2% and a return on equity of 117.56%. Earnings per share came in at $5.80. The next earnings report is scheduled for August 4, 2026.
Dividend
LATAM Airlines offers a dividend with an annual rate of $1.53 and a yield of 2.78%. The dividend payout ratio is 41.67%.
Analysts Set New Price Targets
On June 18, 2026, Jefferies reiterated its buy rating for LATAM Airlines with a $70 price target. JP Morgan also initiated coverage with a buy rating and the same target on June 3, 2026. Meanwhile, Morgan Stanley upgraded its rating to buy with a $60 target on March 26, 2026. The consensus among analysts is a strong buy, with a mean target price of $69.88 based on 10 analyst opinions.
About LATAM Airlines Group
LATAM Airlines Group S.A. is a major player in the airline industry, offering passenger and cargo transportation services across Latin America, the United States, and beyond. Headquartered in Santiago, Chile, and led by CEO Roberto Alvo Milosawlewitsch, the company operates a fleet of 371 aircraft serving 160 destinations in 27 countries. Founded in 1929, LATAM employs over 42,000 people and continues to expand its reach in the global market.
Bottom Line
Jefferies' reaffirmation of a buy rating with a $70 target reflects continued confidence in LATAM Airlines' prospects. Investors track these analyst ratings as they can influence market sentiment and stock performance. However, it's important to remember that these ratings are based on past performance and projections, which may not always predict future results.
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