SkyWest, Inc. (NASDAQ:SKYW) had its target price hoisted by investment analysts at Cowen and Company from $40.00 to $44.00 in a report released on Thursday. The firm currently has an “outperform” rating on the transportation company’s stock. Cowen and Company’s price objective would suggest a potential upside of 18.92% from the stock’s previous close.

SKYW has been the subject of several other reports. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, May 2nd. Raymond James Financial, Inc. upgraded SkyWest from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, April 13th. BidaskClub cut SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TheStreet upgraded SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.67.

SkyWest (NASDAQ:SKYW) opened at 37.00 on Thursday. The company’s 50 day moving average price is $36.55 and its 200 day moving average price is $35.56. The company’s market cap is $1.91 billion. SkyWest has a 52-week low of $25.04 and a 52-week high of $39.85.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $809.76 million during the quarter, compared to analysts’ expectations of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. Equities research analysts anticipate that SkyWest will post $3.27 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of SkyWest by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 5,720 shares of the transportation company’s stock worth $195,000 after buying an additional 140 shares during the last quarter. United Services Automobile Association purchased a new position in shares of SkyWest during the first quarter worth approximately $421,000. Creative Planning purchased a new position in shares of SkyWest during the first quarter worth approximately $1,281,000. Bowling Portfolio Management LLC boosted its position in shares of SkyWest by 8.2% in the first quarter. Bowling Portfolio Management LLC now owns 22,504 shares of the transportation company’s stock worth $771,000 after buying an additional 1,704 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of SkyWest by 3,410.0% in the second quarter. Harbour Capital Advisors LLC now owns 342,155 shares of the transportation company’s stock worth $9,748,000 after buying an additional 332,407 shares during the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.

SkyWest Company Profile

SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.

Analyst Recommendations for SkyWest (NASDAQ:SKYW)

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