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

Shares of SkyWest, Inc. (NASDAQ:SKYW) have been given an average rating of “Moderate Buy” by the four research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.25.

SKYW has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. StockNews.com raised SkyWest from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. TD Cowen upgraded shares of SkyWest from a “market perform” rating to an “outperform” rating and increased their price target for the company from $55.00 to $68.00 in a research report on Monday, February 5th. Raymond James raised their price objective on shares of SkyWest from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, TheStreet upgraded shares of SkyWest from a “c” rating to a “b-” rating in a research note on Friday, February 2nd.

Insider Buying and Selling at SkyWest

In other SkyWest news, CEO Russell A. Childs sold 32,286 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $77.05, for a total transaction of $2,487,636.30. Following the sale, the chief executive officer now owns 377,451 shares in the company, valued at $29,082,599.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Russell A. Childs sold 32,286 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.05, for a total transaction of $2,487,636.30. Following the sale, the chief executive officer now owns 377,451 shares of the company’s stock, valued at approximately $29,082,599.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Welch sold 2,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the completion of the transaction, the director now directly owns 56,067 shares of the company’s stock, valued at $3,740,790.24. The disclosure for this sale can be found here. Insiders have sold a total of 49,286 shares of company stock valued at $3,777,576 over the last three months. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SkyWest

A number of institutional investors and hedge funds have recently bought and sold shares of SKYW. Dimensional Fund Advisors LP raised its position in shares of SkyWest by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,448,283 shares of the transportation company’s stock valued at $180,002,000 after buying an additional 60,957 shares in the last quarter. Invesco Ltd. increased its position in shares of SkyWest by 40.6% during the 3rd quarter. Invesco Ltd. now owns 923,722 shares of the transportation company’s stock valued at $38,741,000 after purchasing an additional 266,762 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of SkyWest by 16.4% during the 3rd quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock valued at $30,241,000 after buying an additional 101,459 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in SkyWest by 46.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 424,239 shares of the transportation company’s stock worth $22,145,000 after buying an additional 134,066 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in SkyWest by 1.4% in the first quarter. Bridgeway Capital Management LLC now owns 361,213 shares of the transportation company’s stock worth $24,953,000 after buying an additional 4,813 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Stock Performance

NASDAQ SKYW opened at $76.27 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72. The company has a fifty day moving average price of $70.84 and a 200-day moving average price of $59.04. SkyWest has a 1 year low of $27.95 and a 1 year high of $79.56. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 27.53 and a beta of 1.89.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. SkyWest had a net margin of 3.83% and a return on equity of 5.45%. The business had revenue of $804.00 million during the quarter, compared to the consensus estimate of $800.07 million. During the same period in the prior year, the firm posted ($0.45) EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that SkyWest will post 6.81 EPS for the current fiscal year.

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.