SkyWest, Inc. (NASDAQ:SKYW) Receives $107.25 Average Price Target from Analysts

Shares of SkyWest, Inc. (NASDAQ:SKYW) have earned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $109.75.

SKYW has been the subject of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of SkyWest in a report on Friday. Finally, TD Cowen lifted their target price on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at SkyWest

In other news, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the completion of the transaction, the insider now owns 97,654 shares of the company’s stock, valued at approximately $10,202,889.92. The trade was a 16.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald J. Mittelstaedt sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total value of $2,801,500.00. Following the transaction, the director now directly owns 11,283 shares of the company’s stock, valued at $1,264,372.98. The trade was a 68.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,467 shares of company stock valued at $10,082,596 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SKYW. FMR LLC lifted its position in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after buying an additional 143,661 shares during the last quarter. Barclays PLC lifted its position in SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after buying an additional 129,901 shares during the last quarter. Millennium Management LLC lifted its position in SkyWest by 27.7% in the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock worth $36,602,000 after buying an additional 96,830 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SkyWest by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock worth $58,051,000 after buying an additional 76,007 shares during the last quarter. Finally, SW Investment Management LLC lifted its position in SkyWest by 13.2% in the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock worth $49,242,000 after buying an additional 70,000 shares during the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Trading Up 3.6 %

Shares of SKYW opened at $120.92 on Wednesday. The business has a 50-day moving average of $108.91 and a 200 day moving average of $94.34. SkyWest has a fifty-two week low of $52.78 and a fifty-two week high of $135.57. The firm has a market cap of $4.88 billion, a P/E ratio of 20.67 and a beta of 1.98. 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 (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.59. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. During the same period last year, the company posted $0.42 earnings per share. As a group, research analysts forecast that SkyWest will post 7.17 EPS for the current year.

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.