SkyWest (NASDAQ:SKYW) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.
Several other equities research analysts have also commented on the stock. Deutsche Bank boosted their price objective on shares of SkyWest from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. ValuEngine lowered shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Raymond James boosted their price objective on shares of SkyWest from $69.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Goldman Sachs Group started coverage on shares of SkyWest in a research note on Monday, November 12th. They set a “neutral” rating and a $62.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of SkyWest from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. SkyWest presently has a consensus rating of “Hold” and a consensus target price of $65.57.
Shares of SKYW opened at $49.79 on Friday. The stock has a market cap of $2.79 billion, a PE ratio of 14.52 and a beta of 1.52. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.02 and a current ratio of 1.15. SkyWest has a 1-year low of $46.99 and a 1-year high of $65.80.
SkyWest (NASDAQ:SKYW) last announced its earnings results on Tuesday, October 30th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.17. The firm had revenue of $829.00 million for the quarter, compared to analyst estimates of $825.57 million. SkyWest had a net margin of 15.65% and a return on equity of 13.99%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Research analysts expect that SkyWest will post 5.09 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of SKYW. First Quadrant L P CA bought a new position in shares of SkyWest in the third quarter worth approximately $150,000. Tower Research Capital LLC TRC lifted its stake in shares of SkyWest by 924.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the transportation company’s stock worth $160,000 after buying an additional 2,451 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of SkyWest in the third quarter worth approximately $204,000. Everence Capital Management Inc. bought a new position in shares of SkyWest in the third quarter worth approximately $209,000. Finally, Ifrah Financial Services Inc. bought a new position in shares of SkyWest in the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 90.63% 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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