Shares of SkyWest, Inc. (NASDAQ:SKYW – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $119.40.
A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Citigroup boosted their price objective on SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. The Goldman Sachs Group cut SkyWest from a “buy” rating to a “neutral” rating and reduced their target price for the company from $126.00 to $115.00 in a report on Thursday, July 2nd. Finally, TD Cowen lifted their price target on SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd.
Read Our Latest Analysis on SKYW
Institutional Investors Weigh In On SkyWest
SkyWest Stock Performance
NASDAQ:SKYW opened at $109.66 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a market capitalization of $4.26 billion, a PE ratio of 10.90, a P/E/G ratio of 1.63 and a beta of 1.45. SkyWest has a fifty-two week low of $77.89 and a fifty-two week high of $123.94. The company has a fifty day moving average of $93.83 and a two-hundred day moving average of $94.64.
SkyWest (NASDAQ:SKYW – Get Free Report) last announced its earnings results on Thursday, July 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.16). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. SkyWest had a net margin of 9.78% and a return on equity of 14.58%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.91 EPS. As a group, research analysts forecast that SkyWest will post 10.69 earnings per share for the current fiscal year.
SkyWest declared that its board has approved a stock buyback plan on Thursday, July 23rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the transportation company to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
About SkyWest
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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