Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
LATAM Airlines Group SA Sponsored ADR ( (LTM) ) has shared an announcement.
On February 11, 2026, LATAM Airlines Group S.A. reported to the U.S. Securities and Exchange Commission that it has entered into an underwriting agreement dated February 9, 2026, with J.P. Morgan Securities LLC and a selling shareholder for a secondary offering of 12,000,000 American Depositary Shares. The ADSs, each representing 2,000 common shares, will be issued by JPMorgan Chase Bank, N.A. under an existing deposit agreement, indicating a shareholder liquidity event rather than a new capital raise by LATAM, while reinforcing the company’s use of its automatic shelf registration to maintain access to U.S. capital markets.
The filing also includes a Chilean law opinion and related consent from Claro & Cia., underscoring the legal validity of the common shares underlying the ADSs for U.S. investors. By formalizing this secondary sale through a major underwriter and established ADR program, LATAM supports trading depth and institutional access to its equity, which may improve stock liquidity and visibility without immediately altering the company’s capital structure.
The most recent analyst rating on (LTM) stock is a Buy with a $73.00 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.
Spark’s Take on LTM Stock
According to Spark, TipRanks’ AI Analyst, LTM is a Outperform.
The score is driven primarily by strong operational/cash-flow performance and a positive outlook from management’s 2026 guidance, reinforced by bullish technical trends. Valuation is supportive with a moderate P/E and ~3% dividend yield. The main offset is elevated balance-sheet leverage, which raises risk if demand, fuel, or FX conditions deteriorate.
To see Spark’s full report on LTM stock, click here.
More about LATAM Airlines Group SA Sponsored ADR
LATAM Airlines Group S.A. is a Chile-based publicly held airline group operating in the commercial aviation sector, offering passenger and cargo services across Latin America and key international markets. The company’s equity is accessed globally through common shares and American Depositary Shares, each ADS representing 2,000 underlying common shares, facilitating foreign investor participation.
Average Trading Volume: 969,751
Technical Sentiment Signal: Buy
Current Market Cap: $18.67B
For an in-depth examination of LTM stock, go to TipRanks’ Overview page.