Cowen and Company Increases US Airways Group Price Target to $24.00 (LCC)
Equities researchers at Cowen and Company increased their price target on shares of US Airways Group (NYSE:LCC) from $21.00 to $24.00 in a research report issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 20.97% from the company’s current price.
Shares of US Airways Group (NYSE:LCC) traded up 0.76% on Thursday, hitting $19.99. The stock had a trading volume of 1,163,611 shares. US Airways Group has a 52-week low of $11.01 and a 52-week high of $20.10. The stock has a 50-day moving average of $17.42 and a 200-day moving average of $17.31. The company has a market cap of $3.838 billion and a price-to-earnings ratio of 6.40.
US Airways Group (NYSE:LCC) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.07. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that US Airways Group will post $3.22 earnings per share for the current fiscal year.
LCC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of US Airways Group (NYSE:LCC) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, September 17th. They now have a $26.00 price target on the stock, up previously from $18.00. Separately, analysts at Zacks downgraded shares of US Airways Group (NYSE:LCC) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $18.60 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. US Airways Group presently has a consensus rating of “Hold” and an average price target of $27.15.
US Airways Group, Inc operates and owns passenger and freight airline carrier. The Company allows consumers to obtain flight and fare information, as well as make reservations online.
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