Shares of SkyWest, Inc. (NASDAQ:SKYW – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $121.1667.
A number of brokerages have recently issued reports on SKYW. Citigroup boosted their target price on shares of SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. TD Cowen lifted their price objective on shares of SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group downgraded shares of SkyWest from a “buy” rating to a “neutral” rating and cut their price objective for the company from $126.00 to $115.00 in a report on Thursday. Finally, Weiss Ratings lowered shares of SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th.
Get Our Latest Stock Analysis on SKYW
SkyWest Stock Performance
SkyWest (NASDAQ:SKYW – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.42 EPS. Research analysts anticipate that SkyWest will post 10.69 earnings per share for the current year.
Institutional Investors Weigh In On SkyWest
Several institutional investors have recently made changes to their positions in SKYW. Vanguard Group Inc. grew its position in SkyWest by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 4,966,485 shares of the transportation company’s stock worth $498,685,000 after buying an additional 152,863 shares in the last quarter. Dimensional Fund Advisors LP raised 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 acquiring an additional 20,678 shares in the last quarter. State Street Corp raised 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 acquiring an additional 8,117 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised 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 acquiring an additional 255,408 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of SkyWest by 2.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 859,843 shares of the transportation company’s stock valued at $86,337,000 after acquiring an additional 18,422 shares during the period. 81.30% of the stock is currently owned by institutional investors.
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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