SkyWest, Inc. (NASDAQ:SKYW) Receives Consensus Rating of “Buy” from Analysts

SkyWest, Inc. (NASDAQ:SKYW) has earned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $127.1667.

A number of research analysts recently issued reports on SKYW shares. Raymond James Financial upgraded SkyWest from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Cowen reissued a “buy” rating on shares of SkyWest in a research report on Friday, October 31st. Cantor Fitzgerald set a $132.00 target price on shares of SkyWest in a research note on Friday, October 31st. TD Cowen raised their target price on shares of SkyWest from $124.00 to $132.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SkyWest in a research note on Wednesday, October 8th.

Insider Activity

In related news, Director Meredith Siegfried Madden sold 4,725 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 25,362 shares in the company, valued at approximately $2,702,067.48. The trade was a 15.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. 111 Capital acquired a new position in shares of SkyWest in the second quarter valued at approximately $372,000. Intech Investment Management LLC grew its position in SkyWest by 47.2% in the 1st quarter. Intech Investment Management LLC now owns 47,497 shares of the transportation company’s stock valued at $4,150,000 after buying an additional 15,239 shares during the last quarter. SW Investment Management LLC grew its position in SkyWest by 5.9% in the 2nd quarter. SW Investment Management LLC now owns 900,000 shares of the transportation company’s stock valued at $92,673,000 after buying an additional 50,000 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its stake in SkyWest by 1,124.8% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 28,759 shares of the transportation company’s stock valued at $2,961,000 after buying an additional 26,411 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in SkyWest by 16.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 38,117 shares of the transportation company’s stock worth $3,925,000 after buying an additional 5,277 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Price Performance

Shares of SKYW opened at $103.51 on Wednesday. The company has a market cap of $4.15 billion, a P/E ratio of 9.88, a PEG ratio of 0.77 and a beta of 1.63. SkyWest has a fifty-two week low of $74.70 and a fifty-two week high of $135.57. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average price is $99.68 and its 200 day moving average price is $105.37.

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