SkyWest, Inc. (NASDAQ:SKYW) Receives $127.17 Consensus PT from Analysts

Shares of SkyWest, Inc. (NASDAQ:SKYW) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $127.1667.

Several brokerages recently commented on SKYW. Raymond James Financial upgraded shares of SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. TD Cowen boosted their target price on SkyWest from $124.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cowen restated a “buy” rating on shares of SkyWest in a research report on Friday, October 31st. Cantor Fitzgerald set a $132.00 price objective on shares of SkyWest in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a research report on Wednesday, October 8th.

Insider Transactions at SkyWest

In other SkyWest news, Director Meredith Siegfried Madden sold 4,725 shares of SkyWest stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total transaction of $503,401.50. Following the transaction, the director directly owned 25,362 shares of the company’s stock, valued at $2,702,067.48. The trade was a 15.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Trading of SkyWest

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in SkyWest by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,590 shares of the transportation company’s stock valued at $2,061,000 after acquiring an additional 1,034 shares during the period. United Services Automobile Association acquired a new stake in shares of SkyWest during the 1st quarter valued at $227,000. Intech Investment Management LLC increased its stake in SkyWest by 47.2% in the 1st quarter. Intech Investment Management LLC now owns 47,497 shares of the transportation company’s stock worth $4,150,000 after purchasing an additional 15,239 shares in the last quarter. Strs Ohio purchased a new stake in shares of SkyWest in the 1st quarter valued at approximately $1,075,000. Finally, Invst LLC boosted its position in shares of SkyWest by 52.9% in the first quarter. Invst LLC now owns 9,457 shares of the transportation company’s stock worth $826,000 after buying an additional 3,270 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Performance

Shares of SkyWest stock opened at $99.71 on Friday. SkyWest has a 52 week low of $74.70 and a 52 week high of $135.57. The firm has a market cap of $4.00 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.69 and a beta of 1.66. The business’s fifty day simple moving average is $100.50 and its 200-day simple moving average is $105.47. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.70.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.25. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $2.16 EPS. SkyWest’s revenue was up 15.0% compared to the same quarter last year. Equities analysts forecast that SkyWest will post 9.01 earnings per share for the current year.

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.