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

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

SKYW has been the topic of several recent research reports. Weiss Ratings lowered shares of SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Citigroup raised their price objective on SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, June 26th. The Goldman Sachs Group downgraded SkyWest from a “buy” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $115.00 in a research report on Thursday. Finally, TD Cowen upped their target price on SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its position in SkyWest by 9.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 148,225 shares of the transportation company’s stock worth $14,883,000 after acquiring an additional 12,635 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of SkyWest in the 3rd quarter valued at about $731,000. JPMorgan Chase & Co. increased its stake in shares of SkyWest by 39.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 298,255 shares of the transportation company’s stock worth $30,011,000 after purchasing an additional 83,705 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of SkyWest during the 3rd quarter worth about $5,001,000. Finally, Magnetar Financial LLC bought a new stake in shares of SkyWest in the 3rd quarter valued at about $2,880,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

NASDAQ:SKYW opened at $96.88 on Friday. The company has a market cap of $3.84 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45. SkyWest has a twelve month low of $77.89 and a twelve month high of $123.94. The business has a 50 day moving average price of $88.04 and a two-hundred day moving average price of $94.88. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 0.66.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data 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. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $993.06 million. During the same period last year, the company earned $2.42 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, analysts expect that SkyWest will post 10.69 EPS for the current fiscal year.

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.