J.P. Morgan downgrades SIA – Singapore Airlines (SINGF) to a Hold

J.P. Morgan analyst Karen Li downgraded SIA – Singapore Airlines to a Hold yesterday and set a price target of S$7.00. The company’s shares closed yesterday at $5.95.

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According to TipRanks, Li is a 5-star analyst with an average return of 20.0% and a 56.19% success rate. Li covers the Industrials sector, focusing on stocks such as Techtronic Industries, ZTO Express, and COSCO SHIPPING Holdings Co.

SIA – Singapore Airlines has an analyst consensus of Hold, with a price target consensus of $5.22, a -12.27% downside from current levels. In a report released today, DBS also maintained a Hold rating on the stock with a S$6.40 price target.

Based on SIA – Singapore Airlines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.82 billion and a net profit of $410 million. In comparison, last year the company earned a revenue of $9.85 billion and had a net profit of $1.23 billion