Republic Airways Holdings Price Target Cut to $15.00 (RJET)
Equities researchers at Deutsche Bank lowered their target price on shares of Republic Airways Holdings (NASDAQ:RJET) from $16.00 to $15.00 in a research report issued on Thursday, AnalystRatingsNetwork.com reports. Deutsche Bank’s target price suggests a potential upside of 65.47% from the company’s current price.
In other Republic Airways Holdings news, CEO Bryan Keith Bedford sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $9.66, for a total value of $48,300.00. Following the completion of the sale, the chief executive officer now directly owns 395,341 shares in the company, valued at approximately $3,818,994. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on RJET. Analysts at Zacks downgraded shares of Republic Airways Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $9.00 price target on the stock. Finally, analysts at Imperial Capital upgraded shares of Republic Airways Holdings from an “in” rating to an “outperform” rating in a research note on Friday, December 20th. They now have a $13.00 price target on the stock, up previously from $12.00. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Republic Airways Holdings presently has an average rating of “Hold” and a consensus price target of $11.20.
Republic Airways Holdings Inc is a holding company. The Company offers scheduled passenger services through its wholly-owned operating air carrier subsidiaries: Chautauqua Airlines, Inc (NASDAQ:RJET), Shuttle America Corporation (Shuttle), Republic Airline Inc (Republic Airline) and Frontier Airlines, Inc (Frontier).
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