SkyWest, Inc. (NASDAQ:SKYW)‘s stock had its “outperform” rating restated by investment analysts at Cowen and Company in a report released on Monday. They presently have a $44.00 price target on the transportation company’s stock, up from their previous price target of $40.00. Cowen and Company’s price target would indicate a potential upside of 18.92% from the company’s previous close.

Several other brokerages have also recently issued reports on SKYW. Deutsche Bank AG increased their price objective on SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, May 2nd. BidaskClub cut SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, TheStreet raised SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.67.

Shares of SkyWest (NASDAQ SKYW) opened at 37.00 on Monday. The company’s market capitalization is $1.91 billion. The stock has a 50 day moving average price of $36.55 and a 200-day moving average price of $35.56. 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 data on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The company had revenue of $809.76 million for the quarter, compared to analysts’ expectations of $790.14 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. SkyWest’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that SkyWest will post $3.27 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake in SkyWest by 108.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock worth $100,000 after buying an additional 1,488 shares in the last quarter. Flinton Capital Management LLC raised its stake in SkyWest by 3.3% in the first quarter. Flinton Capital Management LLC now owns 3,162 shares of the transportation company’s stock worth $108,000 after buying an additional 102 shares in the last quarter. Bank of Montreal Can raised its stake in SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock worth $126,000 after buying an additional 334 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in SkyWest during the first quarter worth $138,000. Finally, State of Alaska Department of Revenue raised its stake in 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. Institutional investors own 90.84% of the company’s stock.

About SkyWest

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.

Analyst Recommendations for SkyWest (NASDAQ:SKYW)

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