SkyWest, Inc. (NASDAQ:SKYW - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $70.99 and last traded at $70.55, with a volume of 48154 shares changing hands. The stock had previously closed at $69.22.
Analyst Ratings Changes
Several brokerages have recently commented on SKYW. TheStreet raised SkyWest from a "c" rating to a "b-" rating in a research note on Friday, February 2nd. Raymond James increased their target price on shares of SkyWest from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. StockNews.com upgraded shares of SkyWest from a "hold" rating to a "buy" rating in a research report on Monday, February 5th. Evercore ISI upped their price objective on shares of SkyWest from $60.00 to $70.00 and gave the stock an "in-line" rating in a report on Thursday. Finally, TD Cowen upgraded shares of SkyWest from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $55.00 to $68.00 in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.25.
Read Our Latest Stock Analysis on SKYW
SkyWest Price Performance
The company's 50-day moving average price is $63.81 and its 200-day moving average price is $52.42. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 81.31 and a beta of 1.95.
SkyWest (NASDAQ:SKYW - Get Free Report) last released its earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.31. The company had revenue of $751.80 million for the quarter, compared to analyst estimates of $758.41 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.93) EPS. On average, equities research analysts forecast that SkyWest, Inc. will post 6.39 EPS for the current year.
Insider Activity at SkyWest
In other news, Director James L. Welch sold 2,000 shares of SkyWest stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the transaction, the director now owns 56,067 shares in the company, valued at approximately $3,740,790.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On SkyWest
A number of large investors have recently modified their holdings of SKYW. Quest Partners LLC acquired a new position in shares of SkyWest during the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new position in SkyWest in the fourth quarter valued at approximately $29,000. Strs Ohio purchased a new position in SkyWest in the fourth quarter valued at approximately $36,000. Transcendent Capital Group LLC purchased a new position in SkyWest in the fourth quarter valued at approximately $52,000. Finally, UBS Group AG raised its holdings in SkyWest by 35.0% during the third quarter. UBS Group AG now owns 3,199 shares of the transportation company's stock worth $53,000 after purchasing an additional 829 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.
About SkyWest
(
Get Free Report)
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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