SkyWest, Inc. (NASDAQ:SKYW) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

SKYW has been the topic of several other reports. BidaskClub cut shares of SkyWest from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Cowen and Company upped their price target on shares of SkyWest from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. Finally, TheStreet raised shares of SkyWest from a “c+” rating to a “b-” rating in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. SkyWest presently has a consensus rating of “Buy” and a consensus price target of $42.17.

Shares of SkyWest (NASDAQ:SKYW) traded up 1.32% during midday trading on Monday, hitting $42.35. 354,191 shares of the company’s stock were exchanged. SkyWest has a 1-year low of $25.97 and a 1-year high of $42.75. The stock’s market cap is $2.20 billion. The stock’s 50 day moving average is $36.23 and its 200-day moving average is $35.67.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The business had revenue of $809.76 million for the quarter, compared to analysts’ expectations of $790.14 million. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts predict that SkyWest will post $3.25 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its holdings in SkyWest by 108.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,488 shares in the last quarter. Bank of Montreal Can increased its stake in SkyWest by 10.0% during the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 334 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in SkyWest during the first quarter valued at $138,000. Riverhead Capital Management LLC increased its stake in SkyWest by 81.0% during the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 1,862 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in SkyWest by 73.1% during the second quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,312 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

SkyWest Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SkyWest (NASDAQ:SKYW)

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