Japan Airlines (OTCMKTS:JAPSY) Reaches New 52-Week High - Here's Why

Key Points

• Japan Airlines shares reached a new 52-week high of $11.00, reflecting a rise from a previous close of $10.30, with a trading volume of 496 shares.
• Analysts are optimistic about the company's performance, with Zacks Research and Jefferies Financial Group upgrading Japan Airlines to a "strong-buy" rating, contributing to an overall rating of "Strong Buy".
• For the last quarter, Japan Airlines reported earnings of $0.21 per share and revenue of $3.26 billion, exceeding consensus estimates of $3.20 billion, showing a net margin of 6.35% and a return on equity of 12.28%.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $11.00 and last traded at $11.00, with a volume of 496 shares. The stock had previously closed at $10.30.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JAPSY. Zacks Research upgraded Japan Airlines from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Jefferies Financial Group raised Japan Airlines from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Japan Airlines Stock Up 2.0%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.25. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 11.42 and a beta of 0.47. The business has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $9.72.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter. Japan Airlines had a return on equity of 12.28% and a net margin of 6.35%.The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.20 billion. On average, equities analysts expect that Japan Airlines Ltd will post 0.8 earnings per share for the current year.

Japan Airlines Company Profile

Japan Airlines Co, Ltd., together with its subsidiaries, provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, North America, and Europe. The company operates through Air Transportation and Other segments. It offers passenger, ground handling, cargo and mail handling, and maintenance services.

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