Brokerages Set SkyWest, Inc. (NASDAQ:SKYW) PT at $105.75

SkyWest, Inc. (NASDAQ:SKYW) has received a consensus recommendation of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $105.75.

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Raymond James boosted their target price on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen raised their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

SkyWest Trading Up 0.8 %

SKYW opened at $109.86 on Friday. The company has a fifty day moving average price of $93.77 and a two-hundred day moving average price of $83.31. SkyWest has a 1-year low of $45.42 and a 1-year high of $116.47. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.43 billion, a P/E ratio of 18.78 and a beta of 1.93.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The firm had revenue of $912.79 million for the quarter, compared to the consensus estimate of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. Analysts predict that SkyWest will post 7.16 EPS for the current fiscal year.

Insider Buying and Selling at SkyWest

In other SkyWest news, CAO Eric Woodward sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $4,954,831.78. This trade represents a 8.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wade J. Steel sold 19,079 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 97,654 shares of the company’s stock, valued at $10,202,889.92. The trade was a 16.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,467 shares of company stock valued at $10,082,596 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On SkyWest

A number of institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in SkyWest by 1,368.0% during the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 342 shares during the period. Kings Path Partners LLC purchased a new position in shares of SkyWest during the second quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SkyWest in the 2nd quarter worth approximately $54,000. CWM LLC grew its stake in shares of SkyWest by 57.3% in the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after buying an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in SkyWest by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after buying an additional 292 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

SkyWest Company Profile

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.