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

SkyWest, Inc. (NASDAQ:SKYW) has been given a consensus recommendation of “Moderate Buy” by the four brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $109.75.

Several research firms have recently issued reports on SKYW. The Goldman Sachs Group reissued a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th. Raymond James reissued an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a research note on Friday. Finally, TD Cowen boosted their target price on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

SkyWest Stock Performance

Shares of SKYW stock opened at $120.92 on Wednesday. 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 has a fifty-two week low of $52.78 and a fifty-two week high of $135.57. The company has a market capitalization of $4.88 billion, a P/E ratio of 20.67 and a beta of 1.98. The stock has a 50 day moving average price of $108.91 and a two-hundred day moving average price of $94.34.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $0.42 EPS. Analysts expect that SkyWest will post 7.17 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Eric Woodward sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total value of $446,120.00. Following the sale, the chief accounting officer now directly owns 44,426 shares of the company’s stock, valued at approximately $4,954,831.78. This represents a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell A. Childs sold 27,903 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value of $3,110,347.41. Following the completion of the sale, the chief executive officer now directly owns 349,548 shares in the company, valued at approximately $38,964,115.56. This represents a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,467 shares of company stock valued at $10,082,596 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On SkyWest

A number of institutional investors have recently modified their holdings of SKYW. Glenmede Trust Co. NA lifted its holdings in shares of SkyWest by 0.9% during the third quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after purchasing an additional 98 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of SkyWest by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after purchasing an additional 100 shares in the last quarter. Highland Capital Management LLC lifted its holdings in shares of SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 160 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of SkyWest by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company’s stock valued at $1,803,000 after purchasing an additional 214 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

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.