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

SkyWest, Inc. (NASDAQ:SKYW) has received a consensus recommendation of “Moderate Buy” from the four analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $107.25.

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

SkyWest Price Performance

Shares of NASDAQ SKYW opened at $111.04 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. SkyWest has a 1-year low of $48.28 and a 1-year high of $117.51. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.98 and a beta of 1.98. The business has a 50-day moving average of $107.25 and a 200-day moving average of $90.57.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The firm had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. SkyWest’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, equities analysts anticipate that SkyWest will post 7.16 EPS for the current fiscal year.

Insider Activity at SkyWest

In related news, CFO Robert J. Simmons sold 16,485 shares of SkyWest stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.02, for a total value of $1,731,254.70. Following the completion of the transaction, the chief financial officer now directly owns 113,539 shares in the company, valued at approximately $11,923,865.78. This trade represents a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wade J. Steel sold 19,079 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total value of $1,993,373.92. Following the sale, the insider now owns 97,654 shares in the company, 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 92,467 shares of company stock valued at $10,082,596 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On SkyWest

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of SkyWest by 90.2% in the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock valued at $45,225,000 after buying an additional 261,349 shares during the period. American Century Companies Inc. lifted its holdings in SkyWest by 16.8% in the second quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock worth $94,510,000 after acquiring an additional 165,670 shares during the last quarter. FMR LLC lifted its holdings in SkyWest by 42.2% in the third quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after acquiring an additional 143,661 shares during the last quarter. Barclays PLC boosted its stake in SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after acquiring an additional 129,901 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of SkyWest by 27.7% during the second 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 last quarter. 81.30% of the stock is currently owned by institutional investors.

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.