Republic Airways Holdings Sets New 12-Month Low at $8.43 (RJET)
Republic Airways Holdings (NASDAQ:RJET)’s share price reached a new 52-week low on Monday , AnalystRatingsNetwork reports. The stock traded as low as $8.43 and last traded at $8.66, with a volume of 405,072 shares changing hands. The stock had previously closed at $8.88.
A number of research firms have recently commented on RJET. Analysts at Cowen and Company cut their price target on shares of Republic Airways Holdings from $11.00 to $10.00 in a research note on Thursday, February 27th. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Republic Airways Holdings from $16.00 to $15.00 in a research note on Thursday, February 13th. Finally, analysts at Zacks downgraded shares of Republic Airways Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 12th. They now have a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.75.
The stock has a 50-day moving average of $9.22 and a 200-day moving average of $10.45. The company has a market cap of $428.9 million and a price-to-earnings ratio of 16.88.
In other Republic Airways Holdings news, SVP Lars Erik Arnell unloaded 16,667 shares of the company’s stock on the open market in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.45, for a total value of $157,503.15. Following the completion of the transaction, the senior vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $330,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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