Republic Airways Holdings Given Buy Rating at Imperial Capital (RJET)

Traders buying or selling on momentum look at stock price trends and believe that the stock will continue to move in the same direction.

Republic Airways Holdings Inc.is based out of, and has a few n/a employees. Union local president Jim Clark said in the statement that the local’s executive board will recommend the tentative deal to its members. They deserve pay, job security, benefits and work rules that match their leadership position in our industry.

Shares of the company plummeted earlier this month after Republic Airways and pilots union Teamsters Local 357 failed to reach an agreement on what the airline had deemed its final round of pilot-contract negotiations.

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.

Deutsche Bank upgraded shares of Republic Airways Holdings (NASDAQ:RJET) from a hold rating to a buy rating in a research report released on Monday morning, The Fly reports. The company even warned that it might be forced into bankruptcy if these disruptions continued.

As a result, the company’s block hours (measure of time aircrafts are in use) decreased 4.9% year-over-year (YoY) in 2QFY15. The company has a market cap of $169.67 million and a P/E ratio of 7.61. During the same quarter in the prior year, the firm posted $0.38 EPS.

However, the agreement with Teamsters has solved part of the pilot-shortage problem. The stock now has an average rating of Hold and a consensus target price of $9.68. LBTYA last month stock price volatility remained 2.69%. The carrier has had to negotiate reductions in its flying for American, United and Delta airlines because of the labor dispute, which had caused Republic’s shares to plunge 80 percent this year through Friday.

RJET has been the subject of several other research reports.

The Street’s analysts, polled by Bloomberg, seem to agree with Mr. Linenberg’s bullish sentiment. The 12-month mean target is $7.8, which means upside potential of 28.71% over the current price. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock.

However, on Monday the companies announced they had reached a tentative agreement, with the vote to ratify the agreement expected to end in late October.