SkyWest, Inc. (NASDAQ:SKYW) Given Average Recommendation of “Buy” by Analysts
Shares of SkyWest, Inc. (NASDAQ:SKYW) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.00.
A number of brokerages have commented on SKYW. UBS AG raised SkyWest from an “outperform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Thursday, April 13th. TheStreet raised SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. Deutsche Bank AG lifted their price target on SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Raymond James Financial, Inc. upgraded SkyWest from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, April 13th.
SkyWest (NASDAQ SKYW) traded up 3.69% during trading on Monday, hitting $37.90. The company’s stock had a trading volume of 247,020 shares. The firm has a 50 day moving average of $35.71 and a 200 day moving average of $35.64. The firm’s market cap is $1.96 billion. SkyWest has a 12 month low of $25.04 and a 12 month high of $39.85.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, April 27th. The transportation company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.13. The business had revenue of $765.42 million for the quarter, compared to analysts’ expectations of $745.95 million. SkyWest had a positive return on equity of 10.12% and a negative net margin of 4.93%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Equities research analysts predict that SkyWest will post $3.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 30th were given a $0.08 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. SkyWest’s dividend payout ratio is currently -10.63%.
Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of SkyWest by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 5,720 shares of the transportation company’s stock worth $195,000 after buying an additional 140 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of SkyWest by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,542 shares of the transportation company’s stock worth $129,000 after buying an additional 121 shares in the last quarter. Creative Planning acquired a new stake in shares of SkyWest during the first quarter worth $1,281,000. State Street Corp raised its stake in shares of SkyWest by 9.3% in the fourth quarter. State Street Corp now owns 1,282,438 shares of the transportation company’s stock worth $46,749,000 after buying an additional 109,346 shares in the last quarter. Finally, Bowling Portfolio Management LLC raised its stake in shares of SkyWest by 8.2% in the first quarter. Bowling Portfolio Management LLC now owns 22,504 shares of the transportation company’s stock worth $771,000 after buying an additional 1,704 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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