Brokerages Set SkyWest, Inc. (NASDAQ:SKYW) PT at $105.75

Shares of SkyWest, Inc. (NASDAQ:SKYW) have been assigned an average recommendation of “Moderate Buy” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $105.75.

SKYW has been the topic of a number of research reports. Raymond James lifted their price target on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th. Finally, TD Cowen lifted their price target on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Insider Buying and Selling

In other news, insider Wade J. Steel sold 19,079 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the completion of the transaction, the insider now directly owns 97,654 shares in the company, valued at $10,202,889.92. This represents a 16.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert J. Simmons sold 16,485 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.02, for a total value of $1,731,254.70. Following the completion of the transaction, the chief financial officer now owns 113,539 shares of the company’s stock, valued at $11,923,865.78. The trade was a 12.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,467 shares of company stock worth $10,082,596. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On SkyWest

A number of institutional investors and hedge funds have recently made changes to their positions in SKYW. Invst LLC grew its stake in shares of SkyWest by 39.1% in the third quarter. Invst LLC now owns 5,405 shares of the transportation company’s stock valued at $460,000 after buying an additional 1,520 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in SkyWest in the third quarter valued at $217,000. Geode Capital Management LLC grew its position in shares of SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after acquiring an additional 6,542 shares during the period. Barclays PLC increased its stake in shares of SkyWest by 563.8% during the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after purchasing an additional 129,901 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of SkyWest in the 3rd quarter valued at about $637,000. Institutional investors own 81.30% of the company’s stock.

SkyWest Trading Up 0.4 %

SKYW opened at $109.89 on Friday. SkyWest has a twelve month low of $45.42 and a twelve month high of $116.47. The firm has a market cap of $4.43 billion, a PE ratio of 18.78 and a beta of 1.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.86. The firm’s fifty day moving average is $92.38 and its two-hundred day moving average is $82.89.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The firm had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis. Equities research analysts anticipate that SkyWest will post 7.16 EPS for the current year.

SkyWest Company Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.