Republic Airways’ market cap is now $150.1M and has a P/E ratio of 3.7.
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Republic Airways (RJET – Get Report) stock is climbing by 17.58% to $6.22 in mid-morning trading on Tuesday, continuing Monday’s rally after the company reached a tentative agreement with its pilots union about contract negotiations that began in 2007.
Republic climbed to $5.29 at the close in New York, the biggest intraday increase since the company’s initial public offering in May 2004. Finally, TheStreet raised Republic Airways Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th.
Other equities analysts have also issued research reports about the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Republic Airways Holdings now has a consensus rating of “Hold” and an average target price of $9.68. The firm has a 50-day moving average of $3.41 and a 200 day moving average of $8.80. The company earned $337.60 million during the quarter, compared to analyst estimates of $338.50 million.
Cowen & Company analyst Helane Becker has since upgraded the company to “market perform” from “underperform” and upped her price target to $6 from $1 on the stock, according to MarketWatch.
Earnings per share is often the most important number of the earnings release as an earnings surprise can lead to swings in the share price immediately following the release.
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Republic Airways, based in Indianapolis, Ind., provides fixed-fee regional airline services under United Express, Delta Connection and US Airways Express/American Eagle. In its second quarter of fiscal 2015 (2QFY15) results, the company reported that its completion factor (percentage of scheduled flights completed) and operating revenues declined due to “pilot-related cancellations” caused by increasing national pilot shortage, and its dispute with Teamsters. This strategy is typically only used by experienced traders and is based exclusively on short-term price movements instead of company fundamentals or research. (NASDAQ:RJET), Shuttle America Corporation (Space Shuttle) and Republic Airline Inc. (Republic Airline) and Frontier Airlines, Inc. (United), and US Airways, Inc. Republic Airways Holdings has a 1-year low of $1.97 and a 1-year high of $15.36. (Delta), and US Airways, Inc.
