SkyWest, Inc. (NASDAQ:SKYW) Receives $117.00 Consensus PT from Analysts

Shares of SkyWest, Inc. (NASDAQ:SKYW) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $117.00.

SKYW has been the subject of a number of research analyst reports. TD Cowen cut their price objective on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Weiss Ratings downgraded SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Citigroup lowered their price target on SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th.

SkyWest Price Performance

Shares of SKYW opened at $91.75 on Wednesday. SkyWest has a twelve month low of $77.89 and a twelve month high of $123.94. The firm’s 50 day moving average price is $87.77 and its 200 day moving average price is $95.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. The firm has a market cap of $3.64 billion, a PE ratio of 8.80, a PEG ratio of 1.32 and a beta of 1.47.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.15 by $0.35. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $993.06 million. During the same quarter last year, the firm posted $2.42 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts expect that SkyWest will post 10.69 EPS for the current fiscal year.

Institutional Trading of SkyWest

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of SkyWest by 0.8% in the second quarter. California State Teachers Retirement System now owns 11,165 shares of the transportation company’s stock valued at $1,150,000 after purchasing an additional 87 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in SkyWest by 1.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 5,901 shares of the transportation company’s stock worth $593,000 after buying an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in SkyWest by 1.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,192 shares of the transportation company’s stock valued at $923,000 after buying an additional 100 shares during the period. Canada Pension Plan Investment Board increased its holdings in SkyWest by 4.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the transportation company’s stock valued at $257,000 after buying an additional 100 shares during the period. Finally, CWM LLC raised its stake in shares of SkyWest by 1.7% in the 4th quarter. CWM LLC now owns 6,601 shares of the transportation company’s stock valued at $663,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Company Profile

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.