SkyWest, Inc. (NASDAQ:SKYW) had its price objective upped by equities researchers at Imperial Capital from $38.00 to $47.00 in a note issued to investors on Tuesday. The brokerage currently has a “line” rating on the transportation company’s stock. Imperial Capital’s price objective would suggest a potential upside of 1.18% from the company’s previous close.

Several other analysts also recently issued reports on SKYW. BidaskClub downgraded SkyWest from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company restated an “outperform” rating and issued a $44.00 price objective (up from $40.00) on shares of SkyWest in a research report on Monday, August 7th. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 29th. Finally, Zacks Investment Research downgraded SkyWest from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.00.

Shares of SkyWest (SKYW) opened at 46.45 on Tuesday. The firm’s market capitalization is $2.41 billion. SkyWest has a 52 week low of $28.80 and a 52 week high of $48.45. The firm has a 50 day moving average price of $43.99 and a 200-day moving average price of $37.96.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The business had revenue of $831.93 million for the quarter, compared to the consensus estimate of $817.43 million. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that SkyWest will post $3.29 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased 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 valued at $100,000 after purchasing an additional 1,488 shares during the last quarter. Flinton Capital Management LLC increased 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 valued at $108,000 after purchasing an additional 102 shares during the last quarter. Royal Bank of Canada increased its stake in SkyWest by 30.2% in the first quarter. Royal Bank of Canada now owns 6,118 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 1,418 shares during the last quarter. Bank of Montreal Can increased 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 valued at $126,000 after purchasing an additional 334 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in SkyWest by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,542 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 89.43% 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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