IBT represents 2,100 Republic pilots.
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Republic Airways Holdings (NASDAQ:RJET) traded down 4.606% on Monday, reaching $5.695. (NASDAQ:RJET), on a consensus basis, are projecting that the stock moves to $6.75. TheStreet upgraded Republic Airways Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. Republic Airways Holdings presently has an average rating of “Hold” and an average target price of $9.93.
Republic Airways Holdings (NASDAQ:RJET) last posted its quarterly earnings results on Friday, August 7th. For valuation, the analyst assigned 9x multiple to Deutsche Bank’s fiscal year 2016 (FY16) EPS estimate of $0.90 for the company, as he believes the stock is comparable to SkyWest, Inc.(NASDAQ:SKYW), which trades at a 10x multiple. Zacks Research now has a stock rating of 3 on the equity. Republic Airways Holdings now has a consensus rating of “Hold” and an average target price of $9.68. Cowen & Co. analyst Helane Becker followed up by upgrading Republic Airways to “market perform” from “underperform”, and boosted her stock price target to $6.00 from $1.00. The company’s stock had a trading volume of 2,929,101 shares.
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.
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“This consensual agreement respects the role our pilots play in our airline’s success and it puts them at the forefront of our industry”, said Matt Koscal, Republic’s vice president of human resources, in the statement. (Chautauqua), Shuttle America Corporation (Shuttle), Republic Airline Inc. In comparing the stock’s current level to its extended history, the stock is trading -62.63% away from its 52-week high of 15.36 and +191.37% away from the stock’s low point over the past 52 weeks, which was 1.97. (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. (United), and US Airways, Inc. (Delta), and US Airways, Inc.
