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

SkyWest, Inc. (NASDAQ:SKYW - Get Free Report) has received an average recommendation of "Moderate Buy" from the four analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $62.25.

Several research analysts have recently issued reports on SKYW shares. Evercore ISI raised their price objective on 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 upgraded SkyWest from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $55.00 to $68.00 in a research note on Monday, February 5th. TheStreet raised SkyWest from a "c" rating to a "b-" rating in a report on Friday, February 2nd. Raymond James raised their target price on SkyWest from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Finally, StockNews.com raised SkyWest from a "hold" rating to a "buy" rating in a report on Monday, February 5th.

SkyWest Stock Down 0.1 %

SkyWest stock traded down $0.08 during midday trading on Wednesday, reaching $77.04. The company's stock had a trading volume of 220,239 shares, compared to its average volume of 459,100. SkyWest has a 52-week low of $26.11 and a 52-week high of $79.56. The stock has a market capitalization of $3.10 billion, a P/E ratio of 27.81 and a beta of 1.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72. The stock's 50-day simple moving average is $70.50 and its 200-day simple moving average is $58.45.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21. SkyWest had a return on equity of 5.45% and a net margin of 3.83%. The firm had revenue of $804.00 million during the quarter, compared to analysts' expectations of $800.07 million. During the same period last year, the business posted ($0.45) earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, sell-side analysts expect that SkyWest will post 6.81 EPS for the current year.

Insider Buying and Selling

In other SkyWest news, CEO Russell A. Childs sold 32,286 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $77.05, for a total value of $2,487,636.30. Following the sale, the chief executive officer now directly owns 377,451 shares of the company's stock, valued at $29,082,599.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SkyWest news, Director James L. Welch sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the sale, the director now directly owns 56,067 shares of the company's stock, valued at $3,740,790.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell A. Childs sold 32,286 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.05, for a total value of $2,487,636.30. Following the completion of the sale, the chief executive officer now directly owns 377,451 shares in the company, valued at $29,082,599.55. The disclosure for this sale can be found here. Insiders have sold a total of 49,286 shares of company stock valued at $3,777,576 over the last ninety days. Company insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On SkyWest

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC purchased a new position in shares of SkyWest in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new position in shares of SkyWest in the fourth quarter valued at approximately $29,000. Strs Ohio purchased a new position in shares of SkyWest in the fourth quarter valued at approximately $36,000. Transcendent Capital Group LLC purchased a new position in shares of SkyWest in the fourth quarter valued at approximately $52,000. Finally, Salem Investment Counselors Inc. purchased a new position in shares of SkyWest in the fourth quarter valued at approximately $57,000. Hedge funds and other 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.