Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.20, but opened at $8.86. Cathay Pacific Airways shares last traded at $8.86, with a volume of 240 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cathay Pacific Airways currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on CPCAY
Cathay Pacific Airways Stock Performance
About Cathay Pacific Airways
Cathay Pacific Airways Limited is the flag carrier of Hong Kong and a principal company of the Cathay Group. Founded in 1946, the airline is headquartered at Hong Kong International Airport, which serves as its primary hub. Cathay Pacific operates scheduled passenger and cargo services connecting Hong Kong with destinations across Asia, Europe, North America, Australia, the Middle East and other regions.
The company provides air transportation for leisure and business travelers, along with freight and logistics services through its cargo operations.
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