Analysts Set SkyWest, Inc. (NASDAQ:SKYW) PT at $105.75

SkyWest, Inc. (NASDAQ:SKYW) has earned an average rating of “Moderate Buy” from the four analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $105.75.

SKYW has been the topic of a number of recent research reports. Raymond James raised their price target on shares of SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised their price target on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price target on shares of SkyWest in a research report on Friday.

SkyWest Stock Performance

Shares of SKYW stock opened at $111.33 on Friday. The stock has a market cap of $4.49 billion, a P/E ratio of 19.03 and a beta of 1.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The company has a fifty day moving average price of $91.70 and a two-hundred day moving average price of $82.58. SkyWest has a one year low of $44.71 and a one year high of $116.47.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The company had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. SkyWest’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts predict that SkyWest will post 7.16 EPS for the current year.

Insider Buying and Selling

In other news, CEO Russell A. Childs sold 27,903 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total value of $3,110,347.41. Following the transaction, the chief executive officer now owns 349,548 shares in the company, valued at approximately $38,964,115.56. The trade was a 7.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $10,202,889.92. This trade represents a 16.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,467 shares of company stock worth $10,082,596 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of SkyWest

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. grew its stake in shares of SkyWest by 1,368.0% in the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock worth $31,000 after acquiring an additional 342 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of SkyWest in the 2nd quarter worth $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of SkyWest in the 2nd quarter worth about $54,000. CWM LLC lifted its holdings in SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in SkyWest by 45.9% during the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

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.