SkyWest, Inc. (NASDAQ:SKYW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of SkyWest, Inc. (NASDAQ:SKYW) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $121.1667.

Several brokerages have recently weighed in on SKYW. Citigroup raised their target price on SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. TD Cowen boosted their price target on SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings downgraded SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, The Goldman Sachs Group lowered SkyWest from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $126.00 to $115.00 in a research note on Thursday, July 2nd.

SkyWest Stock Up 3.2%

Shares of SkyWest stock opened at $100.01 on Friday. SkyWest has a twelve month low of $77.89 and a twelve month high of $123.94. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $89.00 and a 200 day moving average price of $94.67.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.42 earnings per share. Equities research analysts forecast that SkyWest will post 10.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SKYW. Caitong International Asset Management Co. Ltd raised its stake in SkyWest by 480.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the transportation company’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in shares of SkyWest by 273.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock worth $27,000 after acquiring an additional 197 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of SkyWest in the 1st quarter worth approximately $26,000. Johnson Financial Group Inc. bought a new stake in shares of SkyWest in the 3rd quarter valued at approximately $62,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of SkyWest by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 339 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

SkyWest Company Profile

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.