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

Shares of SkyWest, Inc. (NASDAQ:SKYW) have been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $105.75.

Several equities analysts recently commented on SKYW shares. Raymond James boosted their price objective 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 restated a “neutral” rating and set a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th. Finally, TD Cowen increased their price objective on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Insider Transactions at SkyWest

In related news, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 97,654 shares in the company, valued at $10,202,889.92. The trade was a 16.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell A. Childs sold 27,903 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the transaction, the chief executive officer now owns 349,548 shares in the company, valued at $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,467 shares of company stock valued at $10,082,596 in the last quarter. Insiders own 2.50% of the company’s stock.

Institutional Trading of SkyWest

Several hedge funds have recently added to or reduced their stakes in SKYW. Cetera Investment Advisers bought a new stake in shares of SkyWest in the 1st quarter valued at about $1,853,000. CWM LLC lifted its position in SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 279 shares during the last quarter. Bailard Inc. lifted its position in SkyWest by 8.5% in the second quarter. Bailard Inc. now owns 8,900 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 700 shares during the last quarter. Legato Capital Management LLC boosted its stake in shares of SkyWest by 42.4% during the second quarter. Legato Capital Management LLC now owns 18,895 shares of the transportation company’s stock valued at $1,551,000 after purchasing an additional 5,624 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of SkyWest in the second quarter worth approximately $54,000. 81.30% of the stock is owned by institutional investors.

SkyWest Trading Down 2.1 %

Shares of SKYW stock opened at $107.24 on Tuesday. SkyWest has a 1 year low of $47.33 and a 1 year high of $117.51. The company’s fifty day simple moving average is $103.33 and its two-hundred day simple moving average is $87.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 18.33 and a beta of 1.96.

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