SkyWest, Inc. (NASDAQ:SKYW) Receives $123.83 Consensus PT from Analysts

SkyWest, Inc. (NASDAQ:SKYW) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $123.8333.

Several research analysts have recently commented on SKYW shares. Cantor Fitzgerald set a $122.00 target price on SkyWest in a research note on Monday, January 26th. Wall Street Zen cut shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research lowered shares of SkyWest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. TD Cowen cut their target price on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SkyWest in a research note on Thursday, January 22nd.

Insider Activity at SkyWest

In other news, Director Meredith Siegfried Madden sold 4,725 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $106.54, for a total transaction of $503,401.50. Following the transaction, the director owned 25,362 shares in the company, valued at approximately $2,702,067.48. This trade represents a 15.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SKYW. Severin Investments LLC lifted its holdings in shares of SkyWest by 8.5% during the fourth quarter. Severin Investments LLC now owns 3,954 shares of the transportation company’s stock worth $397,000 after buying an additional 310 shares in the last quarter. New Age Alpha Advisors LLC increased its position in SkyWest by 2,144.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 44,809 shares of the transportation company’s stock worth $4,499,000 after acquiring an additional 42,813 shares during the period. Jefferies Financial Group Inc. acquired a new stake in SkyWest in the 4th quarter worth about $222,000. Legato Capital Management LLC boosted its holdings in SkyWest by 18.6% in the 4th quarter. Legato Capital Management LLC now owns 19,746 shares of the transportation company’s stock valued at $1,983,000 after purchasing an additional 3,097 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in SkyWest by 5.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,261 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 314 shares during the period. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Performance

Shares of SKYW opened at $105.57 on Thursday. The company has a market cap of $4.23 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.65. The firm has a 50-day moving average of $101.69 and a 200-day moving average of $104.37. SkyWest has a one year low of $74.70 and a one year high of $123.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.61.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, January 29th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.04). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $993.12 million. SkyWest had a net margin of 10.56% and a return on equity of 16.35%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. As a group, equities analysts forecast that SkyWest will post 9.01 earnings per share for the current year.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.