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

SkyWest, Inc. (NASDAQ:SKYW) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $117.00.

SKYW has been the topic of a number of recent analyst reports. Citigroup decreased their price target on SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. TD Cowen decreased their price target on SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Weiss Ratings cut SkyWest from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Cantor Fitzgerald set a $122.00 price target on SkyWest in a research report on Monday, January 26th.

SkyWest Stock Up 0.1%

SKYW stock opened at $84.82 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.51. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.22 and a beta of 1.48. The business’s fifty day moving average price is $89.41 and its two-hundred day moving average price is $96.78. SkyWest has a fifty-two week low of $77.89 and a fifty-two week high of $123.94.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.42 EPS. On average, equities analysts anticipate that SkyWest will post 10.69 earnings per share for the current year.

Insider Activity at SkyWest

In related news, insider Wade J. Steel sold 20,629 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $106.53, for a total value of $2,197,607.37. Following the transaction, the insider owned 77,438 shares in the company, valued at approximately $8,249,470.14. This trade represents a 21.04% 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 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 purchasing an additional 216 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of SkyWest by 273.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of SkyWest during the first quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new position in shares of SkyWest in the third quarter worth approximately $62,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of SkyWest by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after acquiring an additional 339 shares during the period. Institutional investors own 81.30% of the company’s stock.

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.