SkyWest (NASDAQ:SKYW) had its price objective raised by analysts at Goldman Sachs Group from $41.00 to $53.00 in a report issued on Monday, The Fly reports. The firm presently has a “buy” rating on the transportation company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 61.29% from the stock’s previous close.
A number of other analysts also recently issued reports on SKYW. Zacks Investment Research downgraded SkyWest from a “hold” rating to a “strong sell” rating and set a $27.00 price target for the company. in a research report on Wednesday, May 13th. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target on shares of SkyWest in a research report on Thursday, March 12th. Deutsche Bank dropped their price target on SkyWest from $60.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Sidoti lifted their price target on SkyWest from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Argus upgraded SkyWest from a “hold” rating to a “buy” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $54.44.
SKYW stock opened at $32.86 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.53 billion, a PE ratio of 5.95 and a beta of 1.84. SkyWest has a twelve month low of $10.58 and a twelve month high of $66.52. The stock has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $42.28.
SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, May 7th. The transportation company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.32). The company had revenue of $729.94 million for the quarter, compared to analysts’ expectations of $700.10 million. SkyWest had a net margin of 9.47% and a return on equity of 13.26%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 EPS. On average, equities research analysts anticipate that SkyWest will post 1.22 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in SKYW. Archer Investment Corp bought a new stake in SkyWest in the 4th quarter worth approximately $33,000. Aigen Investment Management LP lifted its position in SkyWest by 33.6% in the 1st quarter. Aigen Investment Management LP now owns 1,736 shares of the transportation company’s stock worth $45,000 after buying an additional 437 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in SkyWest by 24.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 2,258 shares of the transportation company’s stock worth $59,000 after buying an additional 443 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in SkyWest in the 1st quarter worth approximately $64,000. Finally, Tower Research Capital LLC TRC lifted its position in SkyWest by 962.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,466 shares of the transportation company’s stock worth $65,000 after buying an additional 2,234 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.
SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.
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