SkyWest (NASDAQ:SKYW) Stock Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

SkyWest, Inc. (NASDAQ:SKYW) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $96.21 and traded as high as $97.54. SkyWest shares last traded at $96.54, with a volume of 252,939 shares trading hands.

Key Stories Impacting SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported third-quarter earnings of $3.08 per share, up from $2.81 a year earlier and slightly above the FactSet consensus estimate of $3.07. Net income reached approximately $120 million, supporting the positive reaction. SkyWest, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026
• Positive Sentiment: Quarterly revenue increased 6.4% year over year to $1.12 billion, while the company posted a 9.78% net margin and a 14.58% return on equity. The earnings call and results release provide additional context on operating performance. SkyWest Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst expectations varied: the reported EPS topped the $3.07 consensus cited by FactSet and MarketBeat, but was below the $3.13 estimate tracked by Zacks. This suggests the earnings beat was modest rather than decisive. SkyWest Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Revenue of $1.12 billion missed the approximately $1.14 billion analyst estimate, potentially limiting upside despite stronger profits. SkyWest Inc Q3 Profit Advances

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of SkyWest in a report on Wednesday, October 14th. The Goldman Sachs Group downgraded shares of 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 report on Thursday, July 2nd. Cantor Fitzgerald set a $116.00 price target on shares of SkyWest in a research report on Friday, October 2nd. Finally, TD Cowen cut their price target on shares of SkyWest from $123.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.00.

SkyWest Stock Up 1.3%

The firm has a market capitalization of $3.75 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $96.83 and a two-hundred day moving average of $96.21.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, October 29th. The transportation company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. SkyWest had a return on equity of 14.58% and a net margin of 9.78%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 earnings per share. On average, equities research analysts forecast that SkyWest, Inc. will post 10.58 EPS for the current year.

SkyWest declared that its board has approved a share repurchase program on Thursday, July 23rd that permits the company to buy back $250 million in shares. This repurchase authorization permits the transportation company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at SkyWest

In other news, insider Wade Steel sold 22,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $111.44, for a total transaction of $2,451,680.00. Following the completion of the sale, the insider owned 55,438 shares in the company, valued at approximately $6,178,010.72. The trade was a 28.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Soltis Investment Advisors LLC grew its stake in SkyWest by 0.5% during the third quarter. Soltis Investment Advisors LLC now owns 21,539 shares of the transportation company’s stock worth $2,088,000 after buying an additional 107 shares during the period. DGS Capital Management LLC increased its position in shares of SkyWest by 4.4% in the first quarter. DGS Capital Management LLC now owns 3,497 shares of the transportation company’s stock worth $321,000 after acquiring an additional 146 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of SkyWest by 10.8% in the first quarter. Physician Wealth Advisors Inc. now owns 1,894 shares of the transportation company’s stock worth $174,000 after acquiring an additional 184 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of SkyWest by 78.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 468 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 206 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of SkyWest by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,966 shares of the transportation company’s stock valued at $1,191,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Company Profile

SkyWest, Inc (NASDAQ: SKYW) is an airline holding company that operates regional passenger air service in the United States. Its primary subsidiary, SkyWest Airlines, connects smaller and midsized communities with larger airline hubs and provides scheduled flights under capacity-purchase agreements with major airline partners.

SkyWest Airlines operates flights under the United Express, Delta Connection and Alaska Airlines brands, serving destinations throughout the United States and select locations in Canada, Mexico and the Bahamas.