SkyWest, Inc. (NASDAQ:SKYW) has received an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $50.60.

Several analysts have recently weighed in on the company. BidaskClub lowered SkyWest from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Wednesday, November 22nd. Imperial Capital upped their price objective on SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a report on Tuesday, October 31st. Finally, Deutsche Bank upped their price objective on SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, October 26th.

In other SkyWest news, COO Michael B. Thompson sold 1,476 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $51.45, for a total value of $75,940.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell A. Childs sold 1,766 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $47.22, for a total value of $83,390.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,239 shares of company stock valued at $7,512,577. Company insiders own 3.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Shelton Capital Management acquired a new position in SkyWest in the 3rd quarter worth about $218,000. RWC Asset Management LLP increased its position in SkyWest by 82.1% in the 3rd quarter. RWC Asset Management LLP now owns 300,000 shares of the transportation company’s stock worth $13,170,000 after purchasing an additional 135,211 shares during the last quarter. Dana Investment Advisors Inc. acquired a new position in SkyWest in the 3rd quarter worth about $2,426,000. California Public Employees Retirement System increased its position in SkyWest by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 174,774 shares of the transportation company’s stock worth $7,673,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Anchor Bolt Capital LP increased its position in SkyWest by 4.0% in the 3rd quarter. Anchor Bolt Capital LP now owns 150,942 shares of the transportation company’s stock worth $6,626,000 after purchasing an additional 5,789 shares during the last quarter. 90.75% of the stock is currently owned by institutional investors.

Shares of SkyWest (NASDAQ:SKYW) traded down $1.15 during trading on Monday, hitting $49.95. The stock had a trading volume of 549,692 shares, compared to its average volume of 351,740. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.09 and a current ratio of 1.24. The firm has a market capitalization of $2,590.00, a price-to-earnings ratio of -19.21 and a beta of 1.77. SkyWest has a twelve month low of $30.40 and a twelve month high of $54.85.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business had revenue of $831.93 million during the quarter, compared to analyst estimates of $817.43 million. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. equities research analysts expect that SkyWest will post 3.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 29th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, December 28th. SkyWest’s dividend payout ratio is currently -12.31%.

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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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