SkyWest, Inc. (NASDAQ:SKYW) Given Average Rating of “Moderate Buy” by Analysts

Shares of SkyWest, Inc. (NASDAQ:SKYWGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $107.25.

Several brokerages have issued reports on SKYW. The Goldman Sachs Group restated a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th. TD Cowen upped their price objective on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James lifted their target price on shares of SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th.

Read Our Latest Stock Report on SkyWest

SkyWest Stock Performance

NASDAQ SKYW opened at $103.73 on Friday. 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 company has a market capitalization of $4.18 billion, a PE ratio of 17.73 and a beta of 1.98. SkyWest has a 52-week low of $48.28 and a 52-week high of $117.51. The company has a 50-day simple moving average of $106.76 and a 200 day simple moving average of $90.05.

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

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 16,485 shares of SkyWest stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.02, for a total transaction of $1,731,254.70. Following the completion of the sale, the chief financial officer now owns 113,539 shares of the company’s stock, valued at approximately $11,923,865.78. This trade represents a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wade J. Steel sold 19,079 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the completion of the transaction, the insider now owns 97,654 shares in the company, valued at $10,202,889.92. This represents a 16.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,467 shares of company stock worth $10,082,596 in the last quarter. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SKYW. Commonwealth Equity Services LLC raised its stake in SkyWest by 1.9% in the second quarter. Commonwealth Equity Services LLC now owns 8,298 shares of the transportation company’s stock valued at $681,000 after purchasing an additional 152 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of SkyWest during the 2nd quarter valued at $201,000. Victory Capital Management Inc. lifted its holdings in shares of SkyWest by 90.2% during the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock worth $45,225,000 after acquiring an additional 261,349 shares during the last quarter. Arizona State Retirement System purchased a new position in SkyWest in the second quarter worth $231,000. Finally, Acadian Asset Management LLC purchased a new position in SkyWest in the second quarter worth $520,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Company Profile

(Get Free Report

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.

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