Raymond James cut shares of SkyWest (NASDAQ:SKYW) from an outperform rating to a market perform rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports. The firm currently has $17.00 price target on the stock.
A number of other firms have also recently commented on SKYW. Analysts at Cowen and Company raised their price target on shares of SkyWest from $14.00 to $15.00 in a research note to investors on Wednesday, November 6th. They now have a market perform rating on the stock. Analysts at TheStreet upgraded shares of SkyWest from a hold rating to a buy rating in a research note to investors on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. SkyWest has an average rating of Hold and an average price target of $15.50.
SkyWest (NASDAQ:SKYW) traded down 1.49% during mid-day trading on Thursday, hitting $15.515. The stock had a trading volume of 278,286 shares. SkyWest has a one year low of $10.81 and a one year high of $16.82. The stock’s 50-day moving average is $14.83 and its 200-day moving average is $14.37. The company has a market cap of $807.2 million and a P/E ratio of 13.98.
SkyWest (NASDAQ:SKYW) last released its earnings data on Wednesday, November 6th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.04. The company had revenue of $850.70 million for the quarter, compared to the consensus estimate of $871.99 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts predict that SkyWest will post $1.24 earnings per share for the current fiscal year.
SkyWest, Inc (NASDAQ:SKYW) through subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet) operates the regional airline in the United States.
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