SkyWest Price Target Lowered to $9.00 at Cowen and Company (SKYW)
Equities research analysts at Cowen and Company lowered their price target on shares of SkyWest (NASDAQ:SKYW) from $11.00 to $9.00 in a research note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective suggests a potential downside of 1.32% from the stock’s previous close.
SkyWest (NASDAQ:SKYW) opened at 9.12 on Thursday. SkyWest has a 52-week low of $9.11 and a 52-week high of $17.29. The stock has a 50-day moving average of $11.70 and a 200-day moving average of $12.2. The company has a market cap of $466.0 million and a P/E ratio of 15.74.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.08. The company had revenue of $816.60 million for the quarter, compared to the consensus estimate of $800.20 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that SkyWest will post $-0.03 earnings per share for the current fiscal year.
SkyWest, Inc (NASDAQ:SKYW) through subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet) operates the regional airline in the United States.
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