Separately, Zacks Investment Research raised Cathay Pacific Airways from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Friday, October 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $4.75.
CPCAY opened at $4.57 on Thursday. The stock’s 50-day moving average price is $4.16 and its 200 day moving average price is $4.32. Cathay Pacific Airways has a 12-month low of $3.25 and a 12-month high of $5.22. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -2.63 and a beta of 0.96.
Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and air cargo. The company conducts airline operations principally to and from Hong Kong. It also provides property investment, travel reward program, travel tour operator, financial, aircraft leasing and acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, aircraft engineering, cargo carriage, airport ground engineering support and equipment maintenance, and inventory technical management services.
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