Analysts Set SkyWest, Inc. (NASDAQ:SKYW) PT at $62.25

Shares of SkyWest, Inc. (NASDAQ:SKYW) have earned a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $62.25.

Several analysts have recently commented on SKYW shares. Raymond James raised their price objective on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI lifted their price objective on shares of SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. TD Cowen raised shares of SkyWest from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $55.00 to $68.00 in a research note on Monday, February 5th. TheStreet raised shares of SkyWest from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised shares of SkyWest from a “hold” rating to a “buy” rating in a research note on Monday, February 5th.

SkyWest Stock Up 0.7 %

SKYW opened at $73.66 on Friday. The company has a market capitalization of $2.97 billion, a PE ratio of 84.67 and a beta of 1.95. SkyWest has a 1-year low of $23.59 and a 1-year high of $79.21. The firm’s 50 day simple moving average is $67.02 and its two-hundred day simple moving average is $55.00. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.21.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.24 by $0.21. The firm had revenue of $804.00 million for the quarter, compared to the consensus estimate of $800.07 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned ($0.45) EPS. As a group, equities analysts forecast that SkyWest will post 6.45 EPS for the current year.

Insider Activity at SkyWest

In other news, Director James L. Welch sold 2,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the transaction, the director now directly owns 56,067 shares in the company, valued at $3,740,790.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of SkyWest

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in shares of SkyWest in the 4th quarter worth $26,000. GAMMA Investing LLC acquired a new stake in shares of SkyWest in the 4th quarter worth $29,000. Strs Ohio purchased a new position in SkyWest in the 4th quarter worth $36,000. Transcendent Capital Group LLC purchased a new position in SkyWest in the 4th quarter worth $52,000. Finally, Salem Investment Counselors Inc. purchased a new position in SkyWest in the 4th quarter worth $57,000. Institutional investors own 81.30% of the company’s stock.

SkyWest Company Profile

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.