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

SkyWest, Inc. (NASDAQ:SKYW) has earned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $107.25.

Several equities research analysts recently commented on the company. Raymond James raised their target price on SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, December 30th. TD Cowen raised their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a research note on Friday, November 15th.

SkyWest Stock Up 1.0 %

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

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.92 by $0.24. The firm had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. Analysts anticipate that SkyWest will post 7.17 EPS for the current fiscal year.

Insider Transactions at SkyWest

In related news, CFO Robert J. Simmons sold 16,485 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.02, for a total transaction of $1,731,254.70. Following the completion of the transaction, the chief financial officer now owns 113,539 shares in the company, valued at $11,923,865.78. The trade was a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wade J. Steel sold 19,079 shares of the business’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 transaction, the insider now owns 97,654 shares of the company’s stock, valued at $10,202,889.92. This represents a 16.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,467 shares of company stock worth $10,082,596. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted 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 purchasing an additional 342 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in SkyWest during the 3rd quarter valued at $31,000. Sound Income Strategies LLC bought a new stake in SkyWest during the 4th quarter valued at $50,000. GAMMA Investing LLC raised its stake in SkyWest by 47.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 437 shares in the last quarter. Finally, USA Financial Formulas raised its stake in SkyWest by 63.7% during the 4th quarter. USA Financial Formulas now owns 1,180 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 459 shares in the last quarter. Institutional investors and hedge funds 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.