Brokerages Set SkyWest, Inc. (NASDAQ:SKYW) PT at $107.25

Shares of SkyWest, Inc. (NASDAQ:SKYW) have earned a consensus rating of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $107.25.

Several equities research analysts have recently weighed in on the company. Raymond James raised their price objective on SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. TD Cowen increased their price target on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th.

Insider Transactions at SkyWest

In related news, CFO Robert J. Simmons sold 16,485 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.02, for a total transaction of $1,731,254.70. Following the transaction, the chief financial officer now directly owns 113,539 shares of the company’s stock, valued at approximately $11,923,865.78. The trade was a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Wade J. Steel sold 19,079 shares of the 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 sale, the insider now owns 97,654 shares of the company’s stock, valued at approximately $10,202,889.92. The trade was a 16.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,467 shares of company stock valued at $10,082,596 over the last quarter. Company insiders own 2.00% of the company’s stock.

Institutional Trading of SkyWest

A number of institutional investors have recently bought and sold shares of the company. NBC Securities Inc. raised its stake in shares of SkyWest by 1,368.0% during the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock worth $31,000 after purchasing an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in SkyWest during the third quarter valued at approximately $31,000. GAMMA Investing LLC raised its position in SkyWest by 47.1% during the third quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 437 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SkyWest in the third quarter valued at approximately $158,000. Finally, Millburn Ridgefield Corp bought a new stake in SkyWest in the third quarter worth approximately $168,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Price Performance

Shares of NASDAQ SKYW opened at $107.51 on Friday. SkyWest has a twelve month low of $48.28 and a twelve month high of $117.51. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average of $107.02 and a two-hundred day moving average of $90.37. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 18.38 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.92 by $0.24. The business had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, analysts expect that SkyWest will post 7.16 earnings per share for the current fiscal 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.