Shares of SkyWest, Inc. (NASDAQ:SKYW – Get Free Report) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.00.
SKYW has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of SkyWest from $38.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, August 28th. Deutsche Bank Aktiengesellschaft raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Thursday, June 15th. Raymond James raised shares of SkyWest from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Thursday, August 31st. Finally, StockNews.com assumed coverage on shares of SkyWest in a report on Thursday, August 17th. They set a “hold” rating for the company.
Check Out Our Latest Research Report on SKYW
SkyWest Price Performance
SkyWest (NASDAQ:SKYW – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.81. SkyWest had a negative net margin of 0.19% and a positive return on equity of 1.82%. The firm had revenue of $725.64 million during the quarter, compared to the consensus estimate of $707.75 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, research analysts expect that SkyWest will post 0.36 EPS for the current fiscal year.
Institutional Investors Weigh In On SkyWest
Several institutional investors have recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of SkyWest by 7.6% during the first quarter. Swiss National Bank now owns 29,800 shares of the transportation company’s stock worth $860,000 after purchasing an additional 2,100 shares during the last quarter. US Bancorp DE grew its position in shares of SkyWest by 39.5% in 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 period. HighTower Advisors LLC boosted its position in SkyWest by 49.9% during the first quarter. HighTower Advisors LLC now owns 15,968 shares of the transportation company’s stock worth $460,000 after acquiring an additional 5,318 shares during the last quarter. Citigroup Inc. boosted its position in SkyWest by 7.6% during the first quarter. Citigroup Inc. now owns 74,418 shares of the transportation company’s stock worth $2,147,000 after acquiring an additional 5,243 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in SkyWest by 56.8% during the first quarter. MetLife Investment Management LLC now owns 26,137 shares of the transportation company’s stock worth $754,000 after acquiring an additional 9,464 shares during the last quarter. 79.94% of the stock is currently owned by institutional investors and hedge funds.
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.
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