Zacks Investment Research upgraded shares of SkyWest (NASDAQ:SKYW) from a hold rating to a strong-buy rating in a research note released on Thursday. They currently have $57.00 price target on the transportation company’s stock.

According to Zacks, “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. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. Based in St. George, Utah, SkyWest continues to set the standard for excellence across the regional industry with unmatched value for customers, shareholders and its nearly 17,000 employees. “

A number of other research analysts also recently issued reports on SKYW. Cowen reiterated a buy rating and issued a $60.00 price target on shares of SkyWest in a research note on Tuesday, January 9th. BidaskClub downgraded shares of SkyWest from a buy rating to a hold rating in a research note on Saturday, January 6th. ValuEngine upgraded shares of SkyWest from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Imperial Capital lifted their price target on shares of SkyWest from $38.00 to $47.00 and gave the stock an in-line rating in a research note on Tuesday, October 31st. Finally, Deutsche Bank lifted their price target on shares of SkyWest from $47.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $52.20.

Shares of SkyWest (NASDAQ:SKYW) traded up $1.50 during trading on Thursday, reaching $54.75. SkyWest has a 12 month low of $30.40 and a 12 month high of $55.15. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $2,840.00, a PE ratio of -21.06 and a beta of 1.77.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.03. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The company had revenue of $831.93 million during the quarter, compared to the consensus estimate of $817.43 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. research analysts predict that SkyWest will post 3.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 29th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.58%. SkyWest’s dividend payout ratio is presently -12.31%.

In other news, COO Michael B. Thompson sold 1,476 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $51.45, for a total transaction of $75,940.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell A. Childs sold 1,766 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $47.22, for a total transaction of $83,390.52. The disclosure for this sale can be found here. Insiders have sold a total of 154,239 shares of company stock valued at $7,512,577 in the last 90 days. Insiders own 3.50% of the company’s stock.

Several large investors have recently modified their holdings of SKYW. SG Americas Securities LLC lifted its position in shares of SkyWest by 1.5% during the 2nd quarter. SG Americas Securities LLC now owns 9,262 shares of the transportation company’s stock worth $325,000 after buying an additional 133 shares during the last quarter. Legal & General Group Plc lifted its position in shares of SkyWest by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 93,386 shares of the transportation company’s stock worth $3,277,000 after buying an additional 7,821 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of SkyWest by 108.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,488 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of SkyWest in the 2nd quarter valued at $3,499,000. Finally, CIBC World Markets Inc. increased its holdings in shares of SkyWest by 51.0% in the 2nd quarter. CIBC World Markets Inc. now owns 40,103 shares of the transportation company’s stock valued at $1,408,000 after acquiring an additional 13,547 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.

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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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