SkyWest, Inc. (NASDAQ:SKYW) Receives Consensus Rating of “Hold” from Brokerages

SkyWest, Inc. (NASDAQ:SKYWGet Rating) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.75.

SKYW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of SkyWest from $25.00 to $19.00 in a research report on Tuesday, December 20th. Cowen reduced their target price on shares of SkyWest to $24.00 in a research note on Tuesday, November 1st. TheStreet downgraded shares of SkyWest from a “c” rating to a “d+” rating in a research note on Wednesday, November 16th. StockNews.com initiated coverage on shares of SkyWest in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of SkyWest in a research note on Friday, December 16th. They issued a “sell” rating and a $15.00 target price for the company.

Hedge Funds Weigh In On SkyWest

Several hedge funds have recently bought and sold shares of the company. EP Wealth Advisors LLC grew its stake in SkyWest by 100.3% during the third quarter. EP Wealth Advisors LLC now owns 20,137 shares of the transportation company’s stock valued at $327,000 after acquiring an additional 10,083 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in SkyWest in the 3rd quarter worth approximately $245,000. Captrust Financial Advisors grew its stake in SkyWest by 157.7% in the 3rd quarter. Captrust Financial Advisors now owns 16,249 shares of the transportation company’s stock worth $264,000 after buying an additional 9,943 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in SkyWest in the 3rd quarter worth approximately $754,000. Finally, Verity Asset Management Inc. purchased a new position in SkyWest in the 3rd quarter worth approximately $163,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

SkyWest Stock Performance

Shares of SKYW stock opened at $20.00 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.10 and a beta of 1.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.09. SkyWest has a 52 week low of $14.76 and a 52 week high of $42.97. The firm’s 50-day simple moving average is $17.50 and its two-hundred day simple moving average is $19.34.

SkyWest (NASDAQ:SKYWGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.72 by $0.24. The business had revenue of $789.44 million for the quarter, compared to analyst estimates of $829.52 million. SkyWest had a net margin of 4.01% and a return on equity of 5.35%. As a group, equities analysts forecast that SkyWest will post 2.47 earnings per share for the current year.

SkyWest Company Profile

(Get Rating)

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.

Featured Articles

Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.