SkyWest, Inc. (NASDAQ:SKYW) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $41.67.

SKYW has been the subject of a number of research analyst reports. UBS AG raised shares of SkyWest from an “outperform” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Thursday, April 13th. Raymond James Financial, Inc. raised shares of SkyWest from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, April 13th. Deutsche Bank AG raised their price objective on shares of SkyWest from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, May 2nd. Finally, TheStreet raised shares of SkyWest from a “c+” rating to a “b-” rating in a research report on Monday, May 22nd.

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A number of institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its position in shares of SkyWest by 108.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after buying an additional 1,488 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of SkyWest by 3.3% in the first quarter. Flinton Capital Management LLC now owns 3,162 shares of the transportation company’s stock valued at $108,000 after buying an additional 102 shares during the last quarter. Bank of Montreal Can raised its position in shares of SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after buying an additional 334 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of SkyWest during the first quarter valued at $138,000. Finally, Riverhead Capital Management LLC raised its position in shares of SkyWest by 81.0% in the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after buying an additional 1,862 shares during the last quarter. 90.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SkyWest (NASDAQ SKYW) traded down 4.05% during trading on Friday, reaching $36.70. 457,239 shares of the company traded hands. The firm’s market capitalization is $1.90 billion. SkyWest has a 12 month low of $25.04 and a 12 month high of $39.85. The firm has a 50-day moving average price of $36.62 and a 200-day moving average price of $35.58.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $809.76 million during the quarter, compared to analyst estimates of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities research analysts anticipate that SkyWest will post $3.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, September 28th. SkyWest’s payout ratio is presently -11.31%.

SkyWest Company Profile

SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.

Analyst Recommendations for SkyWest (NASDAQ:SKYW)

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