Goldman Sachs Group assumed coverage on shares of SkyWest (NASDAQ:SKYW) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $62.00 target price on the transportation company’s stock.

A number of other analysts have also recently commented on SKYW. Zacks Investment Research cut SkyWest from a hold rating to a sell rating in a research report on Monday, October 22nd. BidaskClub upgraded SkyWest from a sell rating to a hold rating in a research report on Saturday, July 28th. ValuEngine upgraded SkyWest from a hold rating to a buy rating in a research report on Saturday, July 28th. Raymond James upped their price objective on SkyWest from $69.00 to $70.00 and gave the company a strong-buy rating in a research report on Wednesday, October 31st. Finally, Cowen upped their price objective on SkyWest from $63.00 to $66.00 and gave the company an outperform rating in a research report on Friday, July 27th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. SkyWest has a consensus rating of Buy and a consensus target price of $65.57.

Shares of NASDAQ:SKYW opened at $54.63 on Monday. The firm has a market cap of $2.85 billion, a PE ratio of 15.93 and a beta of 1.56. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.02 and a current ratio of 1.15. SkyWest has a 1 year low of $46.99 and a 1 year high of $65.80.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.17. The firm had revenue of $829.00 million for the quarter, compared to the consensus estimate of $825.57 million. SkyWest had a return on equity of 13.99% and a net margin of 15.65%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. On average, research analysts predict that SkyWest will post 5.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 28th. SkyWest’s dividend payout ratio (DPR) is presently 11.66%.

In related news, COO Terry Vais sold 1,600 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $64.43, for a total transaction of $103,088.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in SkyWest by 4.2% in the third quarter. BlackRock Inc. now owns 7,269,832 shares of the transportation company’s stock worth $428,192,000 after buying an additional 290,795 shares in the last quarter. Bank of New York Mellon Corp increased its position in SkyWest by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 2,968,109 shares of the transportation company’s stock worth $174,822,000 after buying an additional 56,128 shares in the last quarter. Renaissance Technologies LLC increased its position in SkyWest by 8.4% in the third quarter. Renaissance Technologies LLC now owns 2,341,568 shares of the transportation company’s stock worth $137,918,000 after buying an additional 181,500 shares in the last quarter. FMR LLC increased its position in SkyWest by 1.7% in the second quarter. FMR LLC now owns 1,302,271 shares of the transportation company’s stock worth $67,588,000 after buying an additional 21,812 shares in the last quarter. Finally, LSV Asset Management increased its position in SkyWest by 0.5% in the third quarter. LSV Asset Management now owns 1,075,887 shares of the transportation company’s stock worth $63,369,000 after buying an additional 5,200 shares in the last quarter. Institutional investors and hedge funds own 89.59% 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.

See Also: What is a conference call?

Analyst Recommendations for SkyWest (NASDAQ:SKYW)

Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.