US Airways Group Price Target Increased to $27.00 by Analysts at Cowen and Company (LCC)
Stock analysts at Cowen and Company lifted their target price on shares of US Airways Group (NYSE:LCC) from $24.00 to $27.00 in a report issued on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective indicates a potential upside of 19.10% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of US Airways Group from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $30.00 price target on the stock, up previously from $21.00. Separately, analysts at Imperial Capital initiated coverage on shares of US Airways Group in a research note to investors on Friday, October 4th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, analysts at CRT Capital downgraded shares of US Airways Group from a “buy” rating to a “fair value” rating in a research note to investors on Friday, October 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. US Airways Group has a consensus rating of “Hold” and a consensus target price of $28.51.
Shares of US Airways Group (NYSE:LCC) traded up 5.93% during mid-day trading on Thursday, hitting $22.67. 9,779,917 shares of the company’s stock traded hands. US Airways Group has a 1-year low of $10.10 and a 1-year high of $19.70. The stock has a 50-day moving average of $17.35 and a 200-day moving average of $16.88. The company has a market cap of $4.353 billion and a P/E ratio of 6.91. US Airways Group also was the target of unusually large options trading on Wednesday. Stock traders acquired 34,920 call options on the stock. This is an increase of 373% compared to the typical volume of 7,376 call options.
US Airways Group (NYSE:LCC) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.09 by $0.07. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that US Airways Group will post $3.45 EPS for the current fiscal year.
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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