Brokerages Set SkyWest, Inc. (NASDAQ:SKYW) PT at $121.17

SkyWest, Inc. (NASDAQ:SKYW) has received an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $121.1667.

A number of research analysts have commented on the company. Weiss Ratings downgraded SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Citigroup raised their price objective on SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. The Goldman Sachs Group downgraded shares of SkyWest from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $126.00 to $115.00 in a report on Thursday, July 2nd. Finally, TD Cowen boosted their target price on shares of SkyWest from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd.

Hedge Funds Weigh In On SkyWest

A number of large investors have recently bought and sold shares of SKYW. Massachusetts Financial Services Co. MA boosted its holdings in shares of SkyWest by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 148,225 shares of the transportation company’s stock worth $14,883,000 after buying an additional 12,635 shares during the period. Quantbot Technologies LP purchased a new stake in shares of SkyWest in the 3rd quarter valued at approximately $731,000. JPMorgan Chase & Co. boosted its stake in SkyWest by 39.0% in 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 period. Capitolis Liquid Global Markets LLC purchased a new position in SkyWest during the 3rd quarter worth approximately $5,001,000. Finally, Magnetar Financial LLC acquired a new stake in SkyWest during the 3rd quarter valued at $2,880,000. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Down 0.3%

Shares of SkyWest stock traded down $0.29 during trading on Friday, reaching $99.72. The company had a trading volume of 323,862 shares, compared to its average volume of 421,739. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.45. The firm’s fifty day moving average is $89.39 and its 200-day moving average is $94.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. 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 results on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.42 earnings per share. On average, analysts anticipate that SkyWest will post 10.58 EPS for the current 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.