Posts Tagged ‘Price Target’
SkyWest Inc. (NASDAQ: SKYW) Trading Up Nearly 4% on Analyst Upgrade
Based in St. George, Utah, SkyWest, Inc. (NASDAQ:SKYW) is the parent company for SkyWest Airlines. The firm was in the spotlight on Tuesday, August 31st, 2010 when they announced the stock was given an outperform rating by advisor firm AvondalePartners. According to Avondale, the aggressive tactics launched recently by SkyWest concerning the merger with WMM MicroCap company ExpressJet Holding (NYSE: XJT) and based on the use of cash liquidity to drive the company’s growth, could result in a significant increase in the company stock price.
On August 4th, 2010, SkyWest had announced the merging with ExpressJet Airlines. The aggressive move confirmed the perception of a clear intention of the company to expand a great deal in the near future. Moreover, SkyWest’s Chief Financial Officer, Brad Rich, revealed that the aim of the company was to combine the airlines within 12 months, and forecasted a bold $60 to $70 million in cost savings.
The announcement marked a remarkable day for ExpressJet, with the announcement fueling a frenzy that sent share prices up over 100% to close at $6.75. The recent facts influenced the expectations of research analysts’, as the Avondale significantly increased in SkyWest’s price target by 14.29% and slapped an outperform rating for the next 12 months (price target raised from $14 to $16 per share). Next move for SkyWest is an investment of $7 million in Vietnamese start-up Mekong Air, providing four regional jets and technical support. This editor made the contact with Mike Kropp, Chief Financial Officer for SkyWest to invite him to an interview with James Ream, Chief Executive Officer of Expressjet. Mr. Kropp has given a verbal commitment for a mid-September interview, which will be posted here on the homepage.
For more information visit http://www.worldmarketmedia.com/779/section.aspx/2314/post/skywest-inc-nasdaq-skyw-trading-up-nearly-4-on-analyst-upgrade
- About the Author: WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source
Deltron Inc. Heavy Volume and a Bright Outlook (OTCBB: DTRO)
Deltron Inc. (OTCBB: DTRO) is a small cap company that acquires and manages two wholly owned subsidiaries Blu Vu, and Elasco. Today DTRO is trading at .05 up .01 or 12.5% at a staggering volume of over 10 million, 100 times the 3m average. Most recently, the company had a research report conducted on it by Grass Roots Research and Distribution, projecting a $.62 price target. Revenues are projected to increase from $2 million in 2010 to $73 million by 2014. On top of the two previously acquired companies it was also noted that DTRO is actively seeking additional acquisitions with two future prospects awaiting. Initial revenues are forecasted to begin experiencing traction by the fourth quarter of 2010.
Blu Vu is a scuba company that has invented a brand new re-breather technology, geared towards those who work in underwater maintenance on drilling platforms and ships. The rebreather system is designed to put the human body at ease, implementing a closed system of oxygen circulation, wasting less oxygen and allowing for longer deeper dives with higher productivity. This system can also be utilized by recreational divers, because it minimizes the risk of decompression. Often vacationers are prohibited from diving if they are flying in a close time period. The new breather technology would shorten the necessary time for divers to drastically switch elevations. Whether this product will be successful or not in the market remains to be seen, the research report states that although the U.S. military is shopping for similar systems there is no guarantee that the product will meet required specifications. Another unknown is the extended popularity of offshore oil drilling. Extensive litigation is about to fall upon the head of offshore drilling as a whole. Demand for divers in this industry could shrink if the practice is banned in varying countries or grow if further safety is required.
Elasco, the second wholly owned subsidiary, produces polyurethane elastomer technology with both engineering and technical capabilities. The company currently offers three distinct product lines including Polyurethane Elastomers, Injenction Molded Products and Polyurethane Foam Products, Elasco will tasked with producing Blu Vu’s rebreather technology.
In a press release announced on June 9th Henruy Larrucea, CEO of Deltron went on record stating “The BP spill and its disastrous effects on the environment and economy of the Gulf of Mexico highlight the urgent need for better deep sea maintenance and prevention solutions for oil and gas exploration and production. Our Blu Vu rebreather technology is designed to maximize dive time and diver efficiency in order to enable offshore drillers to provide better regular inspection and maintenance and fast, effective response to equipment failures, leaks and spills.” There is no doubt that the Obama Administration will be taking a close look at the regulation of safety precautions involving deep water drilling. The company’s goal is to provide a product that will better facilitate comprehensive safety to avoid tragedy’s like the BP oil spill in the future. In BP news, the company’s shares fell even further today as management continues to struggle over decision making concerning dividend payments. No official decision has been made and BP officials are scheduled to meet President Obama on Wednesday.
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Disclosure: no positions
- About the Author: About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source
