Shares of SkyWest, Inc. (NASDAQ:SKYW – Get Free Report) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $117.00.
Several analysts recently issued reports on SKYW shares. Cantor Fitzgerald set a $122.00 price objective on shares of SkyWest in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SkyWest in a research note on Thursday, January 22nd. TD Cowen decreased their target price on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Citigroup decreased their target price on shares of SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th.
Check Out Our Latest Report on SkyWest
SkyWest Stock Down 2.9%
SkyWest (NASDAQ:SKYW – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.35. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $993.06 million. During the same quarter in the prior year, the company earned $2.42 EPS. SkyWest’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that SkyWest will post 10.69 EPS for the current fiscal year.
Insiders Place Their Bets
In other SkyWest news, insider Wade J. Steel sold 20,629 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total value of $2,197,607.37. Following the transaction, the insider directly owned 77,438 shares in the company, valued at $8,249,470.14. The trade was a 21.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.
Hedge Funds Weigh In On SkyWest
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in SkyWest by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 4,966,485 shares of the transportation company’s stock valued at $498,685,000 after purchasing an additional 152,863 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in SkyWest by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,529,333 shares of the transportation company’s stock valued at $232,260,000 after purchasing an additional 20,678 shares during the last quarter. American Century Companies Inc. boosted its holdings in SkyWest by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 1,612,098 shares of the transportation company’s stock valued at $162,209,000 after purchasing an additional 46,744 shares during the last quarter. State Street Corp boosted its holdings in SkyWest by 0.5% in the 4th quarter. State Street Corp now owns 1,517,700 shares of the transportation company’s stock valued at $152,392,000 after purchasing an additional 8,117 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in SkyWest by 27.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,184,956 shares of the transportation company’s stock valued at $118,981,000 after purchasing an additional 255,408 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.
SkyWest Company Profile
SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.
Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.
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