BTIG Research Reiterates Buy Rating for Sky Harbour Group (NYSE:SKYH)

Sky Harbour Group (NYSE:SKYH)‘s stock had its “buy” rating reaffirmed by BTIG Research in a research report issued on Tuesday,Benzinga reports. They presently have a $13.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 31.31% from the stock’s current price.

Sky Harbour Group Stock Performance

NYSE SKYH opened at $9.90 on Tuesday. Sky Harbour Group has a fifty-two week low of $8.22 and a fifty-two week high of $14.20.

Sky Harbour Group (NYSE:SKYH) last posted its earnings results on Thursday, March 19th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.40. The firm had revenue of $8.06 million for the quarter, compared to analysts’ expectations of $9.27 million. Sky Harbour Group had a return on equity of 8.03% and a net margin of 68.33%.

Sky Harbour Group Company Profile

Sky Harbour Group (NYSE: SKYH) is a publicly traded company focused on the ownership, development and operation of aviation real estate and infrastructure, with particular emphasis on hangars and support facilities for business and general aviation. The company acquires, constructs and leases premium aircraft storage and maintenance space intended to serve owners and operators of business jets and other corporate aircraft, and it pursues opportunities to consolidate scarce hangar capacity at key airports.

Its principal activities include development and redevelopment of hangar buildings, long‑term leasing and management of aviation properties, and partnering with fixed‑base operators and maintenance providers to deliver services that support aircraft operations.