Republic Airways Holdings (NASDAQ:RJET) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports. The higher estimate has been put at $11 price target with the lower price estimate is calculated at $1The company shares have dropped 74.04% in the past 52 Weeks.
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Shares of the stock traded in the range of $5.53 to 6.28 and closed the most recent session at 5.97. The firm’s revenue was down 1.6% compared to the same quarter a year ago. It has underperformed the Standard & Poor’s 500 index, which has decreased -7.13% in the same time period. For 2015-09-30 shares of Republic Airways Holdings, Inc. were given an impact score of 76. The 52-week low of the share price is at $1.965. Imperial Capital’s target price suggests a potential upside of 67.50% from the company’s previous close.
Republic Airways Holdings, Inc.
Republic Airways Holdings Inc.is a holding company. Our stocks momentum model is shown on the price chart below.
As a result, the company’s block hours (measure of time aircrafts are in use) decreased 4.9% year-over-year (YoY) in 2QFY15. Silver Capital Management Llc is another notably bullish fund who is possessing 62,317 shares of Republic Airways or 3.97% of their stocks portfolio.
Other equities analysts have also issued research reports about the company. This is based on a 1-100 scale with 100 being very likely that the stock will move on the news. Equities analysts forecast that Republic Airways Holdings will post $0.39 earnings per share for the current year. Republic Airways said that if the pilots rejected that offer, it would likely file for bankruptcy.
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The tentative agreement the regional air carrier reached with its pilots union on Monday continued to provide a boost, as the drawn out dispute with its pilots union led to operational disruptions, reduced flying commitments, and concerns that a corporate restructuring would be needed. (Chautauqua), Shuttle America Corporation (Shuttle), Republic Airline Inc. (Republic Airline).As of December 31, 2013, its operating subsidiaries offered scheduled passenger service on 1,390 flights daily to 118 cities in 41 states and Canada under scheduled passenger service through its fixed-fee code-share agreements with United Continental Holdings, Inc.
