SkyWest (NASDAQ:SKYW – Get Free Report) had its target price lifted by research analysts at Raymond James from $100.00 to $114.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target would suggest a potential upside of 11.78% from the stock’s current price.
SkyWest Trading Up 7.1 %
SkyWest stock traded up $6.79 during trading on Friday, reaching $101.99. 388,212 shares of the company were exchanged, compared to its average volume of 404,304. The stock’s 50 day simple moving average is $84.34 and its two-hundred day simple moving average is $79.55. The company has a market capitalization of $4.09 billion, a P/E ratio of 24.05 and a beta of 1.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.74. SkyWest has a 52-week low of $41.96 and a 52-week high of $103.49.
SkyWest (NASDAQ:SKYW – Get Free Report) last released its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The company had revenue of $912.79 million for the quarter, compared to analyst estimates of $896.21 million. During the same period in the prior year, the business earned $0.55 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities research analysts expect that SkyWest will post 6.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SkyWest
SkyWest Company Profile
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.
Featured Stories
- Five stocks we like better than SkyWest
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
- What Does a Stock Split Mean?
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Top Nuclear Stocks Thriving on Soaring Energy Demand
Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.