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

Shares of SkyWest, Inc. (NASDAQ:SKYW) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $117.00.

SKYW has been the topic of a number of recent research reports. Citigroup lowered their target price on SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. TD Cowen lowered their target price on SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Weiss Ratings lowered SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th.

SkyWest Price Performance

Shares of NASDAQ SKYW opened at $87.78 on Wednesday. The firm has a market cap of $3.48 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66. SkyWest has a 1-year low of $77.89 and a 1-year high of $123.94. The business’s 50 day moving average is $87.91 and its 200-day moving average is $95.72.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.42 earnings per share. Equities research analysts predict that SkyWest will post 10.69 earnings per share for the current year.

Institutional Investors Weigh In On SkyWest

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its position in SkyWest by 480.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the transportation company’s stock worth $26,000 after buying an additional 216 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in SkyWest by 273.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock worth $27,000 after buying an additional 197 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in SkyWest during the first quarter worth approximately $26,000. Johnson Financial Group Inc. acquired a new stake in SkyWest during the third quarter worth approximately $62,000. Finally, EverSource Wealth Advisors LLC grew its position in SkyWest by 118.5% during the second quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after buying an additional 339 shares in the last quarter. Institutional investors and hedge funds 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.