SkyWest, Inc. (NASDAQ:SKYW – Get Rating) has earned a consensus recommendation of “Hold” from the four analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.50.
A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Thursday. StockNews.com assumed coverage on shares of SkyWest in a research report on Thursday, May 18th. They set a “hold” rating for the company. Raymond James raised shares of SkyWest from an “underperform” rating to a “market perform” rating in a research report on Monday, April 3rd. Finally, TheStreet raised shares of SkyWest from a “d+” rating to a “c-” rating in a report on Wednesday, April 19th.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Cerity Partners LLC purchased a new position in shares of SkyWest during the first quarter valued at approximately $342,000. UBS Group AG raised its holdings in shares of SkyWest by 35.0% during the third quarter. UBS Group AG now owns 3,199 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 829 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of SkyWest by 60.2% during the first quarter. Penserra Capital Management LLC now owns 3,445 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 1,295 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of SkyWest during the first quarter valued at approximately $78,000. Finally, US Bancorp DE raised its holdings in shares of SkyWest by 39.5% during the first quarter. US Bancorp DE now owns 3,911 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 1,107 shares during the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.
SkyWest Trading Up 0.3 %
SkyWest (NASDAQ:SKYW – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The transportation company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.09. SkyWest had a net margin of 1.12% and a return on equity of 3.44%. The company had revenue of $691.83 million during the quarter, compared to analysts’ expectations of $673.84 million. During the same period last year, the company posted $0.35 EPS. SkyWest’s revenue was down 5.9% on a year-over-year basis. Sell-side analysts anticipate that SkyWest will post -1.69 EPS for the current year.
About SkyWest
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.
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