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

SkyWest, Inc. (NASDAQ:SKYW) has earned an average recommendation of “Moderate Buy” from the four analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $107.25.

SKYW has been the topic of a number of research reports. Raymond James boosted their price objective on SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $119.00 price target on shares of SkyWest in a report on Friday, November 15th. Finally, TD Cowen boosted their price target on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

SkyWest Stock Up 1.0 %

Shares of SkyWest stock opened at $114.70 on Wednesday. The business’s fifty day moving average price is $108.46 and its two-hundred day moving average price is $93.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market capitalization of $4.63 billion, a P/E ratio of 19.61 and a beta of 1.98. SkyWest has a 1-year low of $52.78 and a 1-year high of $117.51.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company had revenue of $912.79 million for the quarter, compared to the consensus estimate of $896.21 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, research analysts forecast that SkyWest will post 7.17 EPS for the current year.

Insider Buying and Selling at SkyWest

In other news, insider Wade J. Steel sold 19,079 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the sale, the insider now directly owns 97,654 shares in the company, valued at approximately $10,202,889.92. This represents a 16.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Eric Woodward sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total value of $446,120.00. Following the sale, the chief accounting officer now owns 44,426 shares in the company, valued at approximately $4,954,831.78. This trade represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,467 shares of company stock valued at $10,082,596 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On SkyWest

Large investors have recently bought and sold shares of the business. FMR LLC boosted its position in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after buying an additional 143,661 shares during the last quarter. Barclays PLC lifted its stake in shares of SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after purchasing an additional 129,901 shares during the period. Millennium Management LLC lifted its stake in shares of SkyWest by 27.7% in the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock valued at $36,602,000 after purchasing an additional 96,830 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of SkyWest by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after purchasing an additional 76,007 shares during the period. Finally, SW Investment Management LLC lifted its stake in shares of SkyWest by 13.2% in the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock valued at $49,242,000 after purchasing an additional 70,000 shares during the period. 81.30% of the stock is currently owned by institutional investors.

About SkyWest

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.