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

SkyWest, Inc. (NASDAQ:SKYW) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $117.00.

A number of research analysts have recently commented on the stock. TD Cowen decreased their price objective on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Weiss Ratings downgraded shares of SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Citigroup decreased their price objective on shares of SkyWest from $101.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th.

SkyWest Stock Performance

SKYW opened at $87.78 on Wednesday. SkyWest has a 52-week low of $77.89 and a 52-week high of $123.94. The firm has a market capitalization of $3.48 billion, a PE ratio of 8.42, a PEG ratio of 1.20 and a beta of 1.47. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. The business’s 50-day simple moving average is $87.91 and its 200 day simple moving average is $95.72.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.35. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $993.06 million. During the same quarter in the prior year, the company posted $2.42 earnings per share. SkyWest’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that SkyWest will post 10.69 earnings per share for the current fiscal year.

Institutional Trading of SkyWest

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. raised its stake in SkyWest by 3.0% in the third quarter. American Century Companies Inc. now owns 1,612,098 shares of the transportation company’s stock valued at $162,209,000 after buying an additional 46,744 shares during the period. Massachusetts Financial Services Co. MA raised its stake in SkyWest by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 148,225 shares of the transportation company’s stock valued at $14,883,000 after buying an additional 12,635 shares during the period. Public Sector Pension Investment Board raised its stake in SkyWest by 10.1% in the third quarter. Public Sector Pension Investment Board now owns 172,424 shares of the transportation company’s stock valued at $17,349,000 after buying an additional 15,793 shares during the period. Quantbot Technologies LP bought a new stake in SkyWest in the third quarter valued at approximately $731,000. Finally, JPMorgan Chase & Co. raised its stake in SkyWest by 39.0% in the third quarter. JPMorgan Chase & Co. now owns 298,255 shares of the transportation company’s stock valued at $30,011,000 after buying an additional 83,705 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.